Atlas Lithium (NASDAQ:ATLX) Given New $41.00 Price Target at HC Wainwright

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

Other research analysts also recently issued research reports about the stock. Alliance Global Partners decreased their price objective 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 cut their price target on shares of Atlas Lithium from $39.00 to $36.00 and set a buy rating for the company in a report on Monday, April 1st.

Atlas Lithium Trading Up 1.9 %

NASDAQ:ATLX opened at $12.09 on Tuesday. The stock has a market capitalization of $178.93 million, a price-to-earnings ratio of -2.55 and a beta of -0.73. The company has a quick ratio of 2.75, a current ratio of 2.76 and a debt-to-equity ratio of 3.74. The firm has a 50 day moving average of $13.03 and a 200 day moving average of $17.31. Atlas Lithium has a 52 week low of $9.30 and a 52 week high of $34.00.

Atlas Lithium (NASDAQ:ATLX) last issued its earnings results on Wednesday, May 15th. The company reported ($1.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.56). The company had revenue of $0.19 million during the quarter. As a group, sell-side analysts anticipate that Atlas Lithium will post -2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atlas Lithium

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