Atlas Lithium Co. (NASDAQ:ATLX - Free Report) - Equities research analysts at Roth Capital boosted their FY2024 earnings estimates for shares of Atlas Lithium in a report issued on Tuesday, November 12th. Roth Capital analyst J. Reagor now anticipates that the company will earn ($2.79) per share for the year, up from their previous estimate of ($3.09). The consensus estimate for Atlas Lithium's current full-year earnings is ($2.93) per share. Roth Capital also issued estimates for Atlas Lithium's Q4 2024 earnings at ($0.55) EPS, Q1 2025 earnings at ($0.30) EPS, Q4 2025 earnings at $0.55 EPS and FY2025 earnings at $0.42 EPS.
ATLX has been the subject of several other reports. HC Wainwright restated a "buy" rating and issued a $19.00 price objective on shares of Atlas Lithium in a report on Tuesday, October 29th. Roth Mkm lowered their price target on Atlas Lithium from $36.00 to $25.50 and set a "buy" rating for the company in a research report on Friday, July 26th.
Get Our Latest Research Report on Atlas Lithium
Atlas Lithium Trading Down 0.3 %
Shares of ATLX traded down $0.02 during mid-day trading on Thursday, reaching $7.97. 25,782 shares of the company's stock traded hands, compared to its average volume of 93,091. Atlas Lithium has a 12 month low of $6.25 and a 12 month high of $34.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.54 and a quick ratio of 6.15. The stock has a market cap of $121.54 million, a P/E ratio of -1.95 and a beta of -1.25. The stock's 50-day moving average is $8.25 and its two-hundred day moving average is $10.75.
Atlas Lithium (NASDAQ:ATLX - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.04). The firm had revenue of $0.17 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Atlas Lithium stock. Cross Staff Investments Inc raised its position in Atlas Lithium Co. (NASDAQ:ATLX - Free Report) by 71.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 364,804 shares of the company's stock after purchasing an additional 152,342 shares during the period. Atlas Lithium accounts for 1.9% of Cross Staff Investments Inc's investment portfolio, making the stock its 9th largest holding. Cross Staff Investments Inc owned approximately 2.46% of Atlas Lithium worth $2,481,000 at the end of the most recent quarter. Institutional investors and hedge funds own 18.35% of the company's stock.
Atlas Lithium Company Profile
(
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Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.
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