Atlas Lithium Corporation (NASDAQ:ATLX) Stock Dropped -32.54% Year-To-Date, What Analysts Expect Next?

In last trading session, Atlas Lithium Corporation (NASDAQ:ATLX) saw 0.46 million shares changing hands with its beta currently measuring -4.16. Company’s recent per share price level of $4.27 trading at $0.02 or 0.47% at ring of the bell on the day assigns it a market valuation of $76.17M. That closing price of ATLX’s stock is at a discount of -314.99% from its 52-week high price of $17.72 and is indicating a premium of 17.1% from its 52-week low price of $3.54. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.16 million shares which gives us an average trading volume of 154.10K 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.

Atlas Lithium Corporation (NASDAQ:ATLX) trade information

Upright in the green during last session for gaining 0.47%, in the last five days ATLX remained trading in the green while hitting it’s week-highest on Friday, 05/16/25 when the stock touched $4.27 price level, adding 6.56% to its value on the day. Atlas Lithium Corporation’s shares saw a change of -32.54% in year-to-date performance and have moved 7.83% in past 5-day. Atlas Lithium Corporation (NASDAQ:ATLX) showed a performance of 8.38% in past 30-days. Number of shares sold short was 0.56 million shares which calculate 4.05 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 77.53% 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 -344.96% in reaching the projected high whereas dropping to the targeted low would mean a loss of -344.96% for stock’s current value.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -44.05% during past 5 years.

Atlas Lithium Corporation (NASDAQ:ATLX)’s Major holders

Insiders are in possession of 45.79% of company’s total shares while institution are holding 10.32 percent of that, with stock having share float percentage of 19.03%. Investors also watch the number of corporate investors in a company very closely, which is 10.32% institutions for Atlas Lithium Corporation that are currently holding shares of the company. WARATAH CAPITAL ADVISORS LTD. is the top institutional holder at ATLX for having 0.66 million shares of worth $9.13 million. And as of 2024-06-30, it was holding 4.8183 of the company’s outstanding shares.

The second largest institutional holder is CROSS STAFF INVESTMENTS INC, which was holding about 0.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.5483 of outstanding shares, having a total worth of $2.21 million.

On the other hand, Invesco Exchange-Traded Fund Trust-Invesco WilderHill Clean Energy ETF and Perritt Funds Inc-Perritt MicroCap Opportunities Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 202.47 shares of worth $0.86 million or 3.96% of the total outstanding shares. The later fund manager was in possession of 20.0 shares on Mar 31, 2025 , making its stake of worth around $85399.0 in the company or a holder of 0.39% of company’s stock.