Atlas Lithium (ATLX) Stock Price, News & Analysis

Company Overview

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. The company also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and early-stage projects and properties in other minerals, such as nickel, copper, rare earths, graphite, and titanium; as well as participates in iron and quartzite projects. The company was formerly known as Brazil Minerals, Inc. and changed its name to Atlas Lithium Corporation in October 2022. Atlas Lithium Corporation was founded in 2011 and is based in Belo Horizonte, Brazil.

Key Stats

• Today's Range: $6.27 to $6.56
• 50-Day Range: $6.36 to $10.58
• 52-Week Range: $6.25 to $34.00
• Volume: 70,352 shs
• Average Volume: 94,604 shs
• Market Capitalization: $98.05 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $33.17
• Consensus Rating: Buy

Atlas Lithium Stock Analysis - MarketRank™

Atlas Lithium scored higher than 44% of companies evaluated by MarketBeat, and ranked 141st out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Atlas Lithium has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Atlas Lithium has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Atlas Lithium are expected to grow in the coming year, from ($2.79) to $1.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Atlas Lithium is -1.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Atlas Lithium is -1.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Atlas Lithium has a P/B Ratio of 8.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.83% of the float of Atlas Lithium has been sold short.

Short Interest Ratio / Days to Cover

Atlas Lithium has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Atlas Lithium has recently increased by 1.99%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Atlas Lithium does not currently pay a dividend.

Dividend Growth

Atlas Lithium does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.83% of the float of Atlas Lithium has been sold short.

Short Interest Ratio / Days to Cover

Atlas Lithium has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Atlas Lithium has recently increased by 1.99%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: N/A

News Sentiment

Atlas Lithium has a news sentiment score of -0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Basic Materials companies.

Search Interest

10 people have searched for ATLX on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.

MarketBeat Follows

6 people have added Atlas Lithium to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Atlas Lithium insiders have not sold or bought any company stock.

Percentage Held by Insiders

37.30% of the stock of Atlas Lithium is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 18.35% of the stock of Atlas Lithium is held by institutions.

ATLX Stock Analysis - Frequently Asked Questions

How have ATLX shares performed this year?

Atlas Lithium's stock was trading at $31.28 at the start of the year. Since then, ATLX stock has decreased by 79.7% and is now trading at $6.36.
View the best growth stocks for 2024 here.

How were Atlas Lithium's earnings last quarter?

Atlas Lithium Co. (NASDAQ:ATLX) released its quarterly earnings results on Friday, November, 8th. The company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.56) by $0.04. The business earned $0.17 million during the quarter.

When did Atlas Lithium IPO?

Atlas Lithium (ATLX) raised $6 million in an initial public offering (IPO) on Tuesday, January 10th 2023. The company issued 700,000 shares at a price of $8.00-$10.00 per share. EF Hutton served as the underwriter for the IPO.

Who are Atlas Lithium's major shareholders?

Atlas Lithium's top institutional investors include Cross Staff Investments Inc (2.46%), Polar Asset Management Partners Inc. (0.71%) and Wolverine Trading LLC.
View institutional ownership trends.

How do I buy shares of Atlas Lithium?

Shares of ATLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Atlas Lithium own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Atlas Lithium investors own include Oxford Lane Capital (OXLC), Tesla (TSLA), Moderna (MRNA), Sigma Lithium (SGML), Ford Motor (F) and Lithium Americas (LAC).

Company Calendar

• Last Earnings: 11/08/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Mining & quarrying of nonmetallic minerals, except fuels
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NASDAQ:ATLX
• CUSIP: N/A
• CIK: 1540684
• Web: www.atlas-lithium.com
• Phone: 833-661-7900
• Fax: N/A
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $33.17
• High Stock Price Target: $55.00
• Low Stock Price Target: $19.00
• Potential Upside/Downside: +421.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($4.09)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-40,770,000.00
• Net Margins: N/A
• Pretax Margin: -9,117.41%
• Return on Equity: -336.35%
• Return on Assets: -98.86%

Debt

• Debt-to-Equity Ratio: 0.41
• Current Ratio: 3.54
• Quick Ratio: 3.45

Sales & Book Value

• Annual Sales: $543,657.00
• Price / Sales: 180.34
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.71 per share
• Price / Book: 8.96

Miscellaneous

• Outstanding Shares: 15,416,000
• Free Float: 9,666,000
• Market Cap: $98.05 million
• Optionable: Optionable
• Beta: -1.69