Atlas Lithium FY2024 EPS Forecast Lifted by Roth Capital

Atlas Lithium Co. (NASDAQ:ATLX) – Stock analysts at Roth Capital boosted their FY2024 EPS estimates for shares of Atlas Lithium in a report released on Tuesday, November 12th. Roth Capital analyst J. Reagor now anticipates that the company will post earnings of ($2.79) per share for the year, up from their previous estimate of ($3.09). The consensus estimate for Atlas Lithium’s current full-year earnings is ($2.79) 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 quarterly earnings results on Friday, November 8th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.04). The business had revenue of $0.17 million for the quarter.

Several other equities research analysts also recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $19.00 target price on shares of Atlas Lithium in a research note on Tuesday, October 29th. Roth Mkm cut their price target on shares of Atlas Lithium from $36.00 to $25.50 and set a “buy” rating for the company in a research note on Friday, July 26th.

Atlas Lithium Trading Down 4.0 %

Shares of NASDAQ ATLX opened at $7.51 on Thursday. The company has a current ratio of 3.54, a quick ratio of 6.15 and a debt-to-equity ratio of 0.41. The company has a market cap of $114.53 million, a PE ratio of -1.84 and a beta of -1.25. The company has a 50-day moving average of $8.17 and a two-hundred day moving average of $10.68. Atlas Lithium has a 1-year low of $6.25 and a 1-year high of $34.00.

Hedge Funds Weigh In On Atlas Lithium

A hedge fund recently raised its stake in Atlas Lithium stock. Cross Staff Investments Inc grew its stake 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 and Exchange Commission. The institutional investor owned 364,804 shares of the company’s stock after purchasing an additional 152,342 shares during the period. Atlas Lithium comprises approximately 1.9% of Cross Staff Investments Inc’s investment portfolio, making the stock its 9th largest position. Cross Staff Investments Inc owned 2.46% of Atlas Lithium worth $2,481,000 as of its most recent SEC filing. 18.35% of the stock is owned by hedge funds and other institutional investors.

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.