Atlas Energy Solutions Inc (NYSE:AESI) shares, rose in value on Friday, January 24, with the stock price up by 0.13% to the previous day’s close as strong demand from buyers drove the stock to $23.92.
Actively observing the price movement in the last trading, the stock closed the session at $23.89, falling within a range of $23.725 and $24.365. The PE ratio was 31.11 over 12-month period. Referring to stock’s 52-week performance, its high was $25.38, and the low was $16.33. On the whole, AESI has fluctuated by 11.57% over the past month.
With the market capitalization of Atlas Energy Solutions Inc currently standing at about $2.64 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.85, with its dividend yield at 3.55%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.06B, with a low estimate of 257M and a high estimate of 290M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 274.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AESI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.97, with the price of AESI currently trading nearly 4.44% and 6.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.29, while the 7-day volatility ratio is showing 3.31% which for the 30-day chart, stands at 3.44%. Furthermore, Atlas Energy Solutions Inc (AESI)’s beta value is 1.02, and its average true range (ATR) is 0.85.
A comparison of Atlas Energy Solutions Inc (AESI) with its peers suggests the former has fared considerably weaker in the market. AESI showed an intraday change of 0.13% in last session, and over the past year, it grew by 41.70%%.
Data on historical trading for Atlas Energy Solutions Inc (NYSE:AESI) indicates that the trading volumes over the past 10 days have averaged 1.06 and over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 109.87 million shares outstanding.
Nearly 40.91% of Atlas Energy Solutions Inc’s shares belong to company insiders and institutional investors own 58.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.45 million shares as on 2024-12-31, resulting in a short ratio of 15.43. According to the data, the short interest in Atlas Energy Solutions Inc (AESI) stood at 1752.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 12.65 million. The stock has risen by 7.84% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AESI stock heading into the next quarter.
