FY2024 EPS Estimates for Atlas Lithium Raised by Analyst

Atlas Lithium Co. (NASDAQ:ATLX) – Equities researchers at Roth Capital boosted their FY2024 EPS estimates for shares of Atlas Lithium in a research report issued on Tuesday, November 12th. Roth Capital analyst J. Reagor now anticipates that the company will earn ($2.79) per share for the year, up from their prior forecast of ($3.09). The consensus estimate for Atlas Lithium’s current full-year earnings is ($2.93) per share. Roth Capital also issued estimates for Atlas Lithium’s Q4 2024 earnings at ($0.55) EPS, Q1 2025 earnings at ($0.30) EPS, Q4 2025 earnings at $0.55 EPS and FY2025 earnings at $0.42 EPS.

Atlas Lithium (NASDAQ:ATLX) last released its earnings results on Friday, November 8th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.04). The firm had revenue of $0.17 million for the quarter.

A number of other brokerages have also recently commented on ATLX. Roth Mkm dropped their price target on shares of 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 restated a “buy” rating and set a $19.00 price target on shares of Atlas Lithium in a research note on Tuesday, October 29th.

Atlas Lithium Stock Up 7.8 %

Atlas Lithium stock opened at $7.99 on Thursday. Atlas Lithium has a twelve month low of $6.25 and a twelve month high of $34.00. The firm has a 50 day moving average price of $8.25 and a 200-day moving average price of $10.75. The company has a market capitalization of $121.85 million, a P/E ratio of -1.95 and a beta of -1.25. The company has a quick ratio of 6.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On Atlas Lithium

An institutional investor recently raised its position in Atlas Lithium stock. Cross Staff Investments Inc boosted its position in Atlas Lithium Co. (NASDAQ:ATLX) by 71.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 364,804 shares of the company’s stock after acquiring an additional 152,342 shares during the period. Atlas Lithium accounts for 1.9% of Cross Staff Investments Inc’s investment portfolio, making the stock its 9th biggest position. Cross Staff Investments Inc owned approximately 2.46% of Atlas Lithium worth $2,481,000 at the end of the most recent reporting period. 18.35% of the stock is owned by institutional investors and hedge funds.

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.