In last trading session, Atlas Lithium Corporation (NASDAQ:ATLX) saw 52388.0 shares changing hands with its beta currently measuring -3.77. Company’s recent per share price level of $7.14 trading at $0.38 or 5.62% at ring of the bell on the day assigns it a market valuation of $110.07M. That closing price of ATLX’s stock is at a discount of -376.19% from its 52-week high price of $34.00 and is indicating a premium of 12.46% from its 52-week low price of $6.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.1 million shares which gives us an average trading volume of 129.73K if we extend that period to 3-months.
For Atlas Lithium Corporation (ATLX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.55 in the current quarter.
Atlas Lithium Corporation (NASDAQ:ATLX) trade information
Upright in the green during last session for gaining 5.62%, in the last five days ATLX remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $7.14 price level, adding 12.18% to its value on the day. Atlas Lithium Corporation’s shares saw a change of -77.17% in year-to-date performance and have moved -7.51% in past 5-day. Atlas Lithium Corporation (NASDAQ:ATLX) showed a performance of -30.10% in past 30-days. Number of shares sold short was 0.5 million shares which calculate 4.07 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 19 to the stock, which implies a rise of 62.42% to its current value. Analysts have been projecting 19 as a low price target for the stock while placing it at a high target of 19. It follows that stock’s current price would drop -166.11% in reaching the projected high whereas dropping to the targeted low would mean a loss of -166.11% for stock’s current value.
Atlas Lithium Corporation (ATLX) estimates and forecasts
Statistics highlight that Atlas Lithium Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -51.26% of value to its shares in past 6 months, showing an annual growth rate of 32.12% while that of industry is 11.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
And 1 analysts are in estimates of company making revenue of 15.4M in the next quarter.
Atlas Lithium Corporation (NASDAQ:ATLX)’s Major holders
Insiders are in possession of 49.50% of company’s total shares while institution are holding 10.76 percent of that, with stock having share float percentage of 21.31%. Investors also watch the number of corporate investors in a company very closely, which is 10.76% institutions for Atlas Lithium Corporation that are currently holding shares of the company.
