Atlas Energy Solutions Inc. (NYSE: AESI) has a higher price-to-earnings ratio of 14.50x compared to its average ratio, The 36-month beta value for AESI is at 0.64. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AESI is 60.04M, and currently, shorts hold a 9.76% of that float. The average trading volume for AESI on May 10, 2024 was 848.38K shares.
AESI) stock’s latest price update
The stock price of Atlas Energy Solutions Inc. (NYSE: AESI) has surged by 1.37 when compared to previous closing price of 22.68, but the company has seen a 4.79% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-06 that Atlas Energy Solutions Inc. (NYSE:AESI ) Q1 2024 Earnings Conference Call May 6, 2024 10:00 AM ET Company Participants Kyle Turlington – VP, IR Bud Brigham – Executive Chairman John Turner – CEO, President and CFO Chris Scholla – Chief Supply Chain Officer Conference Call Participants Sean Mitchell – Daniel Energy Partners Jim Rollyson – Raymond James Scott Gruber – Citigroup Derek Podhaizer – Barclays Keith Mackey – RBC Capital Markets David Smith – Pickering Energy Partners Neil Mehta – Goldman Sachs Saurabh Pant – Bank of America Operator Greetings. Welcome to Atlas Energy Solutions Incorporated First Quarter 2024 Financial and Operational Results Conference Call.
AESI’s Market Performance
Atlas Energy Solutions Inc. (AESI) has experienced a 4.79% rise in stock performance for the past week, with a -3.57% drop in the past month, and a 33.41% rise in the past quarter. The volatility ratio for the week is 5.48%, and the volatility levels for the past 30 days are at 3.75% for AESI. The simple moving average for the last 20 days is 1.94% for AESI stock, with a simple moving average of 15.77% for the last 200 days.
Analysts’ Opinion of AESI
Many brokerage firms have already submitted their reports for AESI stocks, with Goldman repeating the rating for AESI by listing it as a “Buy.” The predicted price for AESI in the upcoming period, according to Goldman is $24 based on the research report published on March 14, 2024 of the current year 2024.
Johnson Rice, on the other hand, stated in their research note that they expect to see AESI reach a price target of $24. The rating they have provided for AESI stocks is “Buy” according to the report published on April 12th, 2023.
CapitalOne gave a rating of “Overweight” to AESI, setting the target price at $25 in the report published on April 04th of the previous year.
AESI Trading at 4.28% from the 50-Day Moving Average
After a stumble in the market that brought AESI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.37% of loss for the given period.
Volatility was left at 3.75%, however, over the last 30 days, the volatility rate increased by 5.48%, as shares sank -3.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.12% upper at present.
During the last 5 trading sessions, AESI rose by +4.79%, which changed the moving average for the period of 200-days by +16.17% in comparison to the 20-day moving average, which settled at $22.51. In addition, Atlas Energy Solutions Inc. saw 33.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AESI starting from Schmidt Richard W, who sale 16,740 shares at the price of $22.21 back on Mar 26 ’24. After this action, Schmidt Richard W now owns 1,102,813 shares of Atlas Energy Solutions Inc., valued at $371,795 using the latest closing price.
Schmidt Richard W, the Member of 10% Owner Group of Atlas Energy Solutions Inc., sale 21,043 shares at $22.44 during a trade that took place back on Mar 25 ’24, which means that Schmidt Richard W is holding 1,119,553 shares at $472,205 based on the most recent closing price.
Stock Fundamentals for AESI
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.51 for the gross margin
The net margin for Atlas Energy Solutions Inc. stands at 0.26. The total capital return value is set at 0.23. Equity return is now at value 23.24, with 8.57 for asset returns.
Based on Atlas Energy Solutions Inc. (AESI), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.73. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 34.48.
Currently, EBITDA for the company is 304.93 million with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 4.05. The receivables turnover for the company is 8.63for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.24.
Conclusion
In conclusion, Atlas Energy Solutions Inc. (AESI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
