Comparing Atlas Lithium (ATLX) & Its Peers

Atlas Lithium (NASDAQ:ATLXGet Free Report) is one of 25 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it weigh in compared to its competitors? We will compare Atlas Lithium to similar businesses based on the strength of its analyst recommendations, valuation, dividends, profitability, institutional ownership, earnings and risk.

Profitability

This table compares Atlas Lithium and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Atlas Lithium N/A -550.97% -146.10%
Atlas Lithium Competitors 21.77% 4.11% 3.15%

Earnings & Valuation

This table compares Atlas Lithium and its competitors revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Atlas Lithium $10,000.00 -$41.39 million -3.42
Atlas Lithium Competitors $2.19 billion $346.59 million 6.03

Atlas Lithium’s competitors have higher revenue and earnings than Atlas Lithium. Atlas Lithium is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

18.4% of Atlas Lithium shares are held by institutional investors. Comparatively, 57.4% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by institutional investors. 32.2% of Atlas Lithium shares are held by insiders. Comparatively, 6.8% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Atlas Lithium and its competitors, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Atlas Lithium 0 0 3 0 3.00
Atlas Lithium Competitors 218 1017 1397 13 2.46

Atlas Lithium currently has a consensus target price of $43.67, indicating a potential upside of 214.60%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 14.76%. Given Atlas Lithium’s stronger consensus rating and higher probable upside, analysts plainly believe Atlas Lithium is more favorable than its competitors.

Volatility and Risk

Atlas Lithium has a beta of -1.14, indicating that its share price is 214% less volatile than the S&P 500. Comparatively, Atlas Lithium’s competitors have a beta of 1.06, indicating that their average share price is 6% more volatile than the S&P 500.

Summary

Atlas Lithium competitors beat Atlas Lithium on 9 of the 13 factors compared.

About Atlas Lithium

(Get Free Report)

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 ParaĆ­ba and Rio Grande do Norte in northeastern Brazil. The company also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and early-stage projects and properties in other minerals, such as nickel, copper, rare earths, graphite, and titanium; as well as participates in iron and quartzite projects. The company was formerly known as Brazil Minerals, Inc. and changed its name to Atlas Lithium Corporation in October 2022. Atlas Lithium Corporation was founded in 2011 and is based in Belo Horizonte, Brazil.

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