FY2024 EPS Estimates for Atlas Lithium Lowered by Analyst

Atlas Lithium Co. (NASDAQ:ATLX) – Stock analysts at Roth Capital lowered their FY2024 earnings per share (EPS) estimates for shares of Atlas Lithium in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst J. Reagor now expects that the company will post earnings per share of ($3.09) for the year, down from their prior estimate of ($2.93). The consensus estimate for Atlas Lithium’s current full-year earnings is ($2.86) per share.

Atlas Lithium (NASDAQ:ATLX) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.15). The firm had revenue of $0.18 million during the quarter.

A number of other research analysts also recently weighed in on the company. Roth Mkm cut their price target on Atlas Lithium from $36.00 to $25.50 and set a “buy” rating on the stock in a research note on Friday, July 26th. HC Wainwright reissued a “buy” rating and issued a $19.00 price target on shares of Atlas Lithium in a research note on Tuesday.

Atlas Lithium Stock Performance

ATLX stock opened at $10.05 on Friday. The business’s fifty day moving average is $8.58 and its 200-day moving average is $11.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.18 and a quick ratio of 6.15. Atlas Lithium has a twelve month low of $6.25 and a twelve month high of $34.00.

Institutional Trading of Atlas Lithium

An institutional investor recently raised its position in Atlas Lithium stock. Cross Staff Investments Inc increased its holdings in shares of Atlas Lithium Co. (NASDAQ:ATLX) by 71.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 364,804 shares of the company’s stock after buying an additional 152,342 shares during the quarter. Atlas Lithium accounts for approximately 1.9% of Cross Staff Investments Inc’s holdings, making the stock its 9th largest holding. Cross Staff Investments Inc owned 2.46% of Atlas Lithium worth $2,481,000 at the end of the most recent quarter. Institutional investors own 18.35% of the company’s stock.

Atlas Lithium Company Profile

Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.