Atlas Lithium Stock Today

ATLX Stock  USD 7.21  0.72  9.08%   

Performance

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Odds Of Distress

Less than 47

 
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Atlas Lithium is trading at 7.21 as of the 26th of November 2024; that is 9.08 percent decrease since the beginning of the trading day. The stock's open price was 7.93. Atlas Lithium has 47 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Atlas Lithium are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Atlas Lithium Corporation operates as a mineral exploration and mining company in Brazil. Atlas Lithium Corporation is based in Beverly Hills, California. Atlas Lithium operates under Other Precious Metals Mining classification in the United States and is traded on OTC Exchange. The company has 15.25 M outstanding shares of which 472.16 K shares are presently shorted by private and institutional investors with about 3.16 trading days to cover. More on Atlas Lithium

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Atlas Stock Highlights

ESG Sustainability
Environmental
Governance
Social
Business ConcentrationPrecious Metals & Minerals, Other Industrial Metals & Mining, Basic Materials, NASDAQ Composite, Materials, Metals & Mining, Other Precious Metals & Mining, Basic Materials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.00130.0014
Notably Down
Slightly volatile
Total Current LiabilitiesM5.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total30.1 M28.7 M
Sufficiently Up
Slightly volatile
Total Assets45.9 M43.7 M
Sufficiently Up
Slightly volatile
Total Current Assets31.2 M29.7 M
Sufficiently Up
Slightly volatile
Atlas Lithium can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Atlas Lithium's financial leverage. It provides some insight into what part of Atlas Lithium's total assets is financed by creditors.
Liquidity
Atlas Lithium currently holds 10.22 M in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Atlas Lithium has a current ratio of 0.16, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Atlas Lithium's use of debt, we should always consider it together with its cash and equity.

End Period Cash Flow

31.03 Million
Atlas Lithium (ATLX) is traded on NASDAQ Exchange in USA. It is located in Rua Buenos Aires, Belo Horizonte, MG, Brazil, 30315-570 and employs 76 people. Atlas Lithium is listed under Precious Metals & Minerals category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 120.93 M. Atlas Lithium conducts business under Metals & Mining sector and is part of Materials industry. The entity has 15.25 M outstanding shares of which 472.16 K shares are presently shorted by private and institutional investors with about 3.16 trading days to cover. Atlas Lithium currently holds about 444.23 K in cash with (5.03 M) of positive cash flow from operations.
Check Atlas Lithium Probability Of Bankruptcy
Ownership Allocation
Atlas Lithium holds a total of 15.25 Million outstanding shares. Atlas Lithium retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Atlas Ownership Details

Atlas Lithium Historical Income Statement

At this time, Atlas Lithium's Selling General Administrative is fairly stable compared to the past year. Other Operating Expenses is likely to rise to about 44.7 B in 2024, despite the fact that Operating Income is likely to grow to (40.5 B). View More Fundamentals

Atlas Stock Against Markets

Atlas Lithium Corporate Management

Areli JuniorVicePres ExplorationProfile
Gary GuytonVice RelationsProfile
James AbsonChief OfficerProfile
Nicholas BComVice DevelopmentProfile
Gustavo AguiarPrincipal CFOProfile

Already Invested in Atlas Lithium?

The danger of trading Atlas Lithium is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Atlas Lithium is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Atlas Lithium. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Atlas Lithium is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.

Additional Tools for Atlas Stock Analysis

When running Atlas Lithium's price analysis, check to measure Atlas Lithium's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atlas Lithium is operating at the current time. Most of Atlas Lithium's value examination focuses on studying past and present price action to predict the probability of Atlas Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Lithium's price. Additionally, you may evaluate how the addition of Atlas Lithium to your portfolios can decrease your overall portfolio volatility.