In the last trading session, 50426.0 Atlas Lithium Corporation (NASDAQ:ATLX) shares changed hands as the company’s beta touched -3.63. With the company’s per share price at $6.49 changed hands at $0.17 or 2.61% during last session, the market valuation stood at $101.44M. ATLX’s last price was a discount, traded about -423.88% off its 52-week high of $34.00. The share price had its 52-week low at $6.12, which suggests the last value was 5.7% up since then. When we look at Atlas Lithium Corporation’s average trading volume, we note the 10-day average is 0.11 million shares, with the 3-month average coming to 124.41K.
Analysts gave the Atlas Lithium Corporation (ATLX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ATLX as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Atlas Lithium Corporation’s EPS for the current quarter is expected to be -0.52.
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Atlas Lithium Corporation (NASDAQ:ATLX) trade information
Instantly ATLX was in green as seen at the end of in last trading. With action -5.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -78.96%, with the 5-day performance at -5.60% in the red. However, in the 30-day time frame, Atlas Lithium Corporation (NASDAQ:ATLX) is -17.02% down. Looking at the short shares, we see there were 0.51 million shares sold at short interest cover period of 4.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 65.84% from its current market value. According to analyst projections, ATLX’s forecast low is 19 with 19 as the target high. To hit the forecast high, the stock’s price needs a -192.76% plunge from its current level, while the stock would need to soar -192.76% for it to hit the projected low.
Atlas Lithium Corporation (ATLX) estimates and forecasts
Data shows that the Atlas Lithium Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.72% over the past 6 months, a 32.12% in annual growth rate that is considerably higher than the industry average of 8.20%.
1 analysts are of the opinion that Atlas Lithium Corporation’s revenue for the current quarter will be 15.4M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 8,148.09%.
The 2024 estimates are for Atlas Lithium Corporation earnings to increase by 31.79%.
ATLX Dividends
Atlas Lithium Corporation is expected to release its next quarterly earnings report in January.
Atlas Lithium Corporation (NASDAQ:ATLX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 49.50% of Atlas Lithium Corporation shares while 10.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.20%.
