Contrasting Atlas Lithium (ATLX) and Its Competitors

Atlas Lithium (NASDAQ:ATLXGet Free Report) is one of 29 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it weigh in compared to its rivals? We will compare Atlas Lithium to related businesses based on the strength of its analyst recommendations, institutional ownership, earnings, risk, profitability, dividends and valuation.

Earnings and Valuation

This table compares Atlas Lithium and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Atlas Lithium $10,000.00 -$41.39 million -4.59
Atlas Lithium Competitors $2.25 billion $330.33 million 5.98

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

Risk and Volatility

Atlas Lithium has a beta of -1.13, suggesting that its share price is 213% less volatile than the S&P 500. Comparatively, Atlas Lithium’s rivals have a beta of 1.11, suggesting that their average share price is 11% more volatile than the S&P 500.

Institutional and Insider Ownership

18.4% of Atlas Lithium shares are held by institutional investors. Comparatively, 57.8% 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, 6.6% 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.

Profitability

This table compares Atlas Lithium and its rivals’ 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 20.43% -22.50% 3.84%

Analyst Ratings

This is a breakdown of recent ratings and target prices for Atlas Lithium and its rivals, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Atlas Lithium 0 0 4 0 3.00
Atlas Lithium Competitors 233 1080 1449 13 2.45

Atlas Lithium currently has a consensus target price of $43.67, suggesting a potential upside of 134.39%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 8.41%. Given Atlas Lithium’s stronger consensus rating and higher probable upside, equities analysts clearly believe Atlas Lithium is more favorable than its rivals.

Summary

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

Atlas Lithium Company Profile

(Get Free Report)

Atlas Lithium Corporation operates as a mineral exploration and mining 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, 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 is based in Belo Horizonte, Brazil.

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