Atlas Lithium Corporation (NASDAQ: ATLX) on Monday, plunged -13.29% from the previous trading day, before settling in for the closing price of $5.38. Within the past 52 weeks, ATLX’s price has moved between $3.54 and $12.48.
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Annual sales at Basic Materials sector company slipped by -44.05% over the past five years. The company achieved an average annual earnings per share of 220.82%. With a float of $8.45 million, this company’s outstanding shares have now reached $17.50 million.
Let’s look at the performance matrix of the company that is accounted for 70 employees. In terms of profitability, gross margin is 29.78%, operating margin of -7754.37%, and the pretax margin is -7888.05%.
Atlas Lithium Corporation (ATLX) Insider Updates
Observing investor behavior towards Other Industrial Metals & Mining industry stocks is more important than anything else. The insider ownership of Atlas Lithium Corporation is 52.62%, while institutional ownership is 10.25%. The most recent insider transaction that took place on Apr 02 ’25, was worth 893,340. Before that another transaction happened on Apr 01 ’25, when Company’s Director proposed sale 50,000 for $5.93, making the entire transaction worth $296,500.
Atlas Lithium Corporation (ATLX) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.74 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 220.82% per share during the next fiscal year.
Atlas Lithium Corporation (NASDAQ: ATLX) Trading Performance Indicators
Atlas Lithium Corporation (ATLX) is currently performing well based on its current performance indicators. A quick ratio of 2.26 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 166.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.54
Technical Analysis of Atlas Lithium Corporation (ATLX)
Atlas Lithium Corporation (NASDAQ: ATLX) saw its 5-day average volume 0.48 million, a positive change from its year-to-date volume of 0.2 million. As of the previous 9 days, the stock’s Stochastic %D was 75.97%.
During the past 100 days, Atlas Lithium Corporation’s (ATLX) raw stochastic average was set at 37.88%, which indicates a significant decrease from 51.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.38 in the past 14 days, which was higher than the 0.34 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.21, while its 200-day Moving Average is $5.76. Nevertheless, the first resistance level for the watch stands at $5.26 in the near term. At $5.85, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.22. If the price goes on to break the first support level at $4.30, it is likely to go to the next support level at $3.94. Assuming the price breaks the second support level, the third support level stands at $3.34.
Atlas Lithium Corporation (NASDAQ: ATLX) Key Stats
Market capitalization of the company is 83.21 million based on 17,837K outstanding shares. Right now, sales total 670 K and income totals -42,240 K. The company made 30 K in profit during its latest quarter, and -9,020 K in sales during its previous quarter.
