Investor Confidence Is Shaken After American Lithium Corp (NASDAQ: AMLI) Share Prices Gained By $0.14

American Lithium Corp (NASDAQ:AMLI) has a beta value of 1.80 and has seen 2.67 million shares traded in the last trading session. The company, currently valued at $201.92M, closed the last trade at $0.93 per share which meant it gained $0.14 on the day or 17.51% during that session. The AMLI stock price is -45.16% off its 52-week high price of $1.35 and 65.59% above the 52-week low of $0.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.84 million shares traded. The 3-month trading volume is 389.52K shares.

The consensus among analysts is that American Lithium Corp (AMLI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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American Lithium Corp (NASDAQ:AMLI) trade information

Sporting 17.51% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMLI stock price touched $0.93 or saw a rise of 1.06%. Year-to-date, American Lithium Corp shares have moved -15.63%, while the 5-day performance has seen it change 69.05%. Over the past 30 days, the shares of American Lithium Corp (NASDAQ:AMLI) have changed 144.17%. Short interest in the company has seen 1.24 million shares shorted with days to cover at 2.38.

American Lithium Corp (AMLI) estimates and forecasts

Figures show that American Lithium Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 36.91% over the past 6 months, with this year growth rate of 35.71%, compared to 17.80% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.56% over the past 5 years.

AMLI Dividends

American Lithium Corp is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

American Lithium Corp (NASDAQ:AMLI)’s Major holders

Insiders own 9.58% of the company shares, while shares held by institutions stand at 8.41% with a share float percentage of 9.30%. Investors are also buoyed by the number of investors in a company, with American Lithium Corp having a total of 76.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Uranium ETF and Fidelity NASDAQ Composite Index Fund . As of Aug 31, 2024 , the former fund manager holds about 6.18% shares in the company for having 13.45 shares of worth $12.49 million while later fund manager owns 115.65 shares of worth $0.11 million as of Aug 31, 2024 , which makes it owner of about 0.05% of company’s outstanding stock.