Now Is A Good Time To Buy American Lithium Corp (NASDAQ: AMLI)

During the last session, American Lithium Corp (NASDAQ:AMLI)’s traded shares were 0.37 million, with the beta value of the company hitting 1.80. At the end of the trading day, the stock’s price was $0.71, reflecting an intraday loss of -1.43% or -$0.01. The 52-week high for the AMLI share is $1.29, that puts it down -81.69 from that peak though still a striking 54.93% gain since the share price plummeted to a 52-week low of $0.32. The company’s market capitalization is $218.96M, and the average intraday trading volume over the past 10 days was 0.43 million shares, and the average trade volume was 619.81K shares over the past three months.

American Lithium Corp (AMLI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. AMLI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.02.

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American Lithium Corp (NASDAQ:AMLI) trade information

American Lithium Corp (AMLI) registered a -1.43% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.43% in intraday trading to $0.71, hitting a weekly high. The stock’s 5-day price performance is -1.79%, and it has moved by -12.66% in 30 days. Based on these gigs, the overall price performance for the year is -36.61%. The short interest in American Lithium Corp (NASDAQ:AMLI) is 1.44 million shares and it means that shorts have 1.36 day(s) to cover.

American Lithium Corp (AMLI) estimates and forecasts

Statistics show that American Lithium Corp has outperformed its competitors in share price, compared to the industry in which it operates. American Lithium Corp (AMLI) shares have gone up 0.85% during the last six months, with a year-to-date growth rate more than the industry average at 42.86% against 12.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 60.00% this quarter and then jump 50.00% in the quarter after that.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 11.56%. While earnings are projected to return 48.71% in 2024.

AMLI Dividends

American Lithium Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

American Lithium Corp insiders own 9.56% of total outstanding shares while institutional holders control 7.76%, with the float percentage being 8.58%.

Also, the Mutual Funds coming in first place with the largest holdings of American Lithium Corp (AMLI) shares are Global X Fds-Global X Uranium ETF and Fidelity NASDAQ Composite Index Fund . Data provided on Sep 30, 2024 indicates that Global X Fds-Global X Uranium ETF owns about 13.85 shares. This amounts to just over 6.35 percent of the company’s overall shares, with a $9.83 million market value. The same data shows that the other fund manager holds slightly less at 115.65, or about 0.05% of the stock, which is worth about $82099.0.