HC Wainwright Boosts Atlas Lithium (NASDAQ:ATLX) Price Target to $41.00

Atlas Lithium (NASDAQ:ATLX) had its target price increased by HC Wainwright from $40.00 to $41.00 in a report published on Tuesday, Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Alliance Global Partners reduced their price target on shares of Atlas Lithium from $75.00 to $55.00 and set a buy rating for the company in a research report on Tuesday, April 2nd. Roth Mkm dropped their price objective on Atlas Lithium from $39.00 to $36.00 and set a buy rating on the stock in a research note on Monday, April 1st.

Atlas Lithium Stock Performance

Shares of ATLX opened at $12.09 on Tuesday. The company has a 50-day moving average of $13.03 and a two-hundred day moving average of $17.31. The stock has a market cap of $178.93 million, a price-to-earnings ratio of -2.55 and a beta of -0.73. The company has a debt-to-equity ratio of 3.74, a current ratio of 2.76 and a quick ratio of 2.75. Atlas Lithium has a one year low of $9.30 and a one year high of $34.00.

Atlas Lithium (NASDAQ:ATLX) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($1.29) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.56). The company had revenue of $0.19 million for the quarter. On average, equities research analysts expect that Atlas Lithium will post -2 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlas Lithium stock. Tower Research Capital LLC TRC bought a new stake in Atlas Lithium Co. (NASDAQ:ATLX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,061 shares of the company’s stock, valued at approximately $33,000. Hedge funds and other institutional investors 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.