Atlas Lithium Corporation (NASDAQ:ATLX) shares, rose in value on Thursday, April 16, with the stock price up by 1.27% to the previous day’s close as strong demand from buyers drove the stock to $3.99.
Actively observing the price movement in the last trading, the stock closed the session at $3.94, falling within a range of $3.89 and $4.03. The value of beta (5-year monthly) was -4.391. Referring to stock’s 52-week performance, its high was $17.72, and the low was $3.54. On the whole, ATLX has fluctuated by -30.00% over the past month.
With the market capitalization of Atlas Lithium Corporation currently standing at about $67.72 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 145.1M, with a low estimate of 15.4M and a high estimate of 15.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 15.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ATLX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ATLX currently trading nearly -15.05% and -23.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.50, while the 7-day volatility ratio is showing 4.94% which for the 30-day chart, stands at 8.90%. Furthermore, Atlas Lithium Corporation (ATLX)’s beta value is -3.70, and its average true range (ATR) is 0.39.
A comparison of Atlas Lithium Corporation (ATLX) with its peers suggests the former has fared considerably weaker in the market. ATLX showed an intraday change of 1.27% in last session, and over the past year, it shrunk by -72.04%%.
Data on historical trading for Atlas Lithium Corporation (NASDAQ:ATLX) indicates that the trading volumes over the past 10 days have averaged 0.16 and over the past 3 months, they’ve averaged 154.19K. According to company’s latest data on outstanding shares, there are 16.01 million shares outstanding.
Nearly 53.00% of Atlas Lithium Corporation’s shares belong to company insiders and institutional investors own 10.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.59 million shares as on 2025-03-31, resulting in a short ratio of 3.63. According to the data, the short interest in Atlas Lithium Corporation (ATLX) stood at 614.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.68 million. The stock has fallen by -36.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ATLX stock heading into the next quarter.
