Atlas Lithium (NASDAQ:ATLX) Given “Buy” Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Atlas Lithium (NASDAQ:ATLX) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $19.00 target price on the stock.

Separately, Roth Mkm lowered their target price on shares of Atlas Lithium from $36.00 to $25.50 and set a “buy” rating on the stock in a research report on Friday, July 26th.

Atlas Lithium Stock Down 0.3 %

Shares of Atlas Lithium stock opened at $10.22 on Tuesday. The firm has a market cap of $151.20 million, a price-to-earnings ratio of -2.15 and a beta of -0.80. The stock has a 50-day simple moving average of $8.59 and a 200-day simple moving average of $11.14. Atlas Lithium has a 52-week low of $6.25 and a 52-week high of $34.00. 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 (NASDAQ:ATLX) last posted its earnings results on Friday, August 9th. The company reported ($0.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.15). The business had revenue of $0.18 million for the quarter. On average, equities research analysts expect that Atlas Lithium will post -2.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atlas Lithium

An institutional investor recently raised its position in Atlas Lithium stock. Cross Staff Investments Inc increased its position in shares of Atlas Lithium Co. (NASDAQ:ATLX) by 71.7% in the 3rd quarter, according to the company in 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 period. Atlas Lithium accounts for approximately 1.9% of Cross Staff Investments Inc’s holdings, making the stock its 9th biggest position. Cross Staff Investments Inc owned about 2.46% of Atlas Lithium worth $2,481,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 18.35% of the company’s stock.

About Atlas Lithium

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.