In the past week, ATLX stock has gone up by 21.18%, with a monthly gain of 4.89% and a quarterly surge of 13.34%. The volatility ratio for the week is 10.33%, and the volatility levels for the last 30 days are 9.76% for Atlas Lithium Corporation The simple moving average for the past 20 days is 23.58% for ATLX’s stock, with a 27.49% simple moving average for the past 200 days.
Is It Worth Investing in Atlas Lithium Corporation (NASDAQ: ATLX) Right Now?
Additionally, the 36-month beta value for ATLX is -2.68. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for ATLX is $52.00, which is $24.14 above the current price. The public float for ATLX is 5.08M and currently, short sellers hold a 4.28% ratio of that float. The average trading volume of ATLX on November 21, 2023 was 63.88K shares.
ATLX) stock’s latest price update
Atlas Lithium Corporation (NASDAQ: ATLX)’s stock price has gone rise by 17.45 in comparison to its previous close of 23.72, however, the company has experienced a 21.18% increase in its stock price over the last five trading days. InvestorPlace reported 2023-09-04 that The appeal of lithium stocks is obvious, given the critical mass reached in EV sales. Manufacturers are bound to require ever more significant volumes of the necessary lithium to produce EV batteries.
ATLX Trading at 9.96% from the 50-Day Moving Average
After a stumble in the market that brought ATLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.09% of loss for the given period.
Volatility was left at 9.76%, however, over the last 30 days, the volatility rate increased by 10.33%, as shares surge +40.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.39% upper at present.
During the last 5 trading sessions, ATLX rose by +21.18%, which changed the moving average for the period of 200-days by +308.50% in comparison to the 20-day moving average, which settled at $22.95. In addition, Atlas Lithium Corporation saw 298.00% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ATLX
Current profitability levels for the company are sitting at:
- -74627.44 for the present operating margin
- -48016.54 for the gross margin
The net margin for Atlas Lithium Corporation stands at -68418.63. The total capital return value is set at -309.33, while invested capital returns managed to touch -1,537.76. Equity return is now at value -686.70, with -153.21 for asset returns.
The receivables turnover for the company is 0.38 and the total asset turnover is 0.00. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
In conclusion, Atlas Lithium Corporation (ATLX) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.