Critical Analysis: Atlas Lithium (ATLX) vs. Its Peers

Atlas Lithium (NASDAQ:ATLX) is one of 215 public companies in the “Other Precious Metals & Mining” industry, but how does it weigh in compared to its rivals? We will compare Atlas Lithium to related companies based on the strength of its risk, analyst recommendations, earnings, profitability, institutional ownership, dividends and valuation.

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	977.72%	-11.98%	-2.99%

Volatility & Risk

Atlas Lithium has a beta of -1.13, indicating that its stock price is 213% less volatile than the S&P 500. Comparatively, Atlas Lithium’s rivals have a beta of 0.99, indicating that their average stock price is 1% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent ratings and recommmendations 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	3	0	3.00
Atlas Lithium Competitors	157	922	1647	44	2.57

Atlas Lithium currently has a consensus target price of $43.67, indicating a potential upside of 196.45%. As a group, “Other Precious Metals & Mining” companies have a potential upside of 15.77%. Given Atlas Lithium’s stronger consensus rating and higher possible upside, equities analysts clearly believe Atlas Lithium is more favorable than its rivals.

Insider & Institutional Ownership

18.4% of Atlas Lithium shares are held by institutional investors. Comparatively, 13.8% of shares of all “Other Precious Metals & Mining” companies are held by institutional investors. 32.2% of Atlas Lithium shares are held by insiders. Comparatively, 30.2% of shares of all “Other Precious Metals & Mining” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Atlas Lithium	$10,000.00	-$41.39 million	-3.63
Atlas Lithium Competitors	$159.19 million	-$9.60 million	26.08

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.

Summary

Atlas Lithium rivals beat Atlas Lithium on 8 of the 13 factors compared.

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. 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.