Atlas Energy Solutions Inc. (NYSE: AESI) has seen a decline in its stock price by -0.67 in relation to its previous close of 22.29. However, the company has experienced a 4.04% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-13 that Atlas Energy Solutions Inc. shares have fallen 20% since May 2024 due to a fire at a key facility and decreasing rig count. However, the company has increased production capacity by acquiring Hi-Crush, leading to a near monopoly position in the Permian Basin. The company’s game-changing Dune Express project is set to come online in 4Q24, reducing operating costs and improving efficiency.
Is It Worth Investing in Atlas Energy Solutions Inc. (NYSE: AESI) Right Now?
Atlas Energy Solutions Inc. (NYSE: AESI) has a price-to-earnings ratio of 21.54x that is above its average ratio. Additionally, the 36-month beta value for AESI is 0.51. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AESI is 64.59M and currently, short sellers hold a 14.22% ratio of that float. The average trading volume of AESI on October 03, 2024 was 712.10K shares.
AESI’s Market Performance
The stock of Atlas Energy Solutions Inc. (AESI) has seen a 4.04% increase in the past week, with a 10.48% rise in the past month, and a 8.21% gain in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 3.25% for AESI. The simple moving average for the last 20 days is 3.32% for AESI stock, with a simple moving average of 8.66% for the last 200 days.
Analysts’ Opinion of AESI
The Benchmark Company, on the other hand, stated in their research note that they expect to see AESI reach a price target of $27. The rating they have provided for AESI stocks is “Buy” according to the report published on May 23rd, 2024.
Goldman gave a rating of “Buy” to AESI, setting the target price at $24 in the report published on March 14th of the current year.
AESI Trading at 6.93% 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 -11.19% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares surge +8.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.77% upper at present.
During the last 5 trading sessions, AESI rose by +4.68%, which changed the moving average for the period of 200-days by +27.21% in comparison to the 20-day moving average, which settled at $21.52. In addition, Atlas Energy Solutions Inc. saw 29.25% 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 Hock Stacy, who sale 8,571 shares at the price of $19.44 back on Sep 11 ’24. After this action, Hock Stacy now owns 943,317 shares of Atlas Energy Solutions Inc., valued at $166,620 using the latest closing price.
Hock Stacy, the Member of 10% Owner Group of Atlas Energy Solutions Inc., sale 8,571 shares at $20.22 during a trade that took place back on Aug 19 ’24, which means that Hock Stacy is holding 951,888 shares at $173,306 based on the most recent closing price.
Stock Fundamentals for AESI
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.34 for the gross margin
The net margin for Atlas Energy Solutions Inc. stands at 0.14. The total capital return value is set at 0.11. Equity return is now at value 18.76, with 6.72 for asset returns.
Based on Atlas Energy Solutions Inc. (AESI), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 9.58.
Currently, EBITDA for the company is 304.93 million with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 3.64. The receivables turnover for the company is 3.95for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In conclusion, Atlas Energy Solutions Inc. (AESI) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
