Atlas Lithium Co. (NASDAQ:ATLX – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 394,900 shares, an increase of 19.3% from the July 15th total of 331,000 shares. Based on an average daily volume of 76,400 shares, the short-interest ratio is presently 5.2 days. Currently, 5.9% of the shares of the stock are sold short.
Atlas Lithium Trading Up 1.6 %
ATLX stock traded up $0.15 during mid-day trading on Friday, reaching $9.50. The company’s stock had a trading volume of 50,324 shares, compared to its average volume of 81,049. The company has a current ratio of 2.76, a quick ratio of 2.75 and a debt-to-equity ratio of 3.74. Atlas Lithium has a 12 month low of $8.37 and a 12 month high of $34.00. The business’s 50 day moving average price is $10.72 and its 200 day moving average price is $14.20. The company has a market cap of $140.62 million, a price-to-earnings ratio of -2.00 and a beta of -0.73.
Atlas Lithium (NASDAQ:ATLX – Get Free Report) last issued its earnings results on Wednesday, May 15th. The company reported ($1.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.56). The company had revenue of $0.19 million during the quarter. On average, equities research analysts predict that Atlas Lithium will post -2.93 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ATLX. HC Wainwright raised their price objective on Atlas Lithium from $40.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Roth Mkm cut their price target on shares of Atlas Lithium from $36.00 to $25.50 and set a “buy” rating on the stock in a report on Friday, July 26th.
View Our Latest Stock Analysis on Atlas Lithium
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.
Read More
- Five stocks we like better than Atlas Lithium
- 3 Healthcare Dividend Stocks to Buy
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Using the MarketBeat Stock Split Calculator
- MarketBeat Week in Review – 8/12 – 8/16
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
Receive News & Ratings for Atlas Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Lithium and related companies with MarketBeat.com's FREE daily email newsletter.