Atlas Lithium (ATLX) vs. Its Competitors Financial Comparison

Atlas Lithium (NASDAQ:ATLX) 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 competitors? We will compare Atlas Lithium to similar companies based on the strength of its dividends, valuation, earnings, analyst recommendations, risk, profitability and institutional ownership.

Institutional & Insider Ownership

18.4% of Atlas Lithium shares are held by institutional investors. Comparatively, 59.0% 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 company insiders. Comparatively, 6.1% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Risk and Volatility

Atlas Lithium has a beta of -1.14, meaning that its stock price is 214% less volatile than the S&P 500. Comparatively, Atlas Lithium’s competitors have a beta of 1.10, meaning that their average stock price is 10% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings and target prices for Atlas Lithium and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Atlas Lithium	0	0	3	0	3.00
Atlas Lithium Competitors	234	1081	1460	13	2.45

Atlas Lithium presently has a consensus target price of $43.67, indicating a potential upside of 216.88%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 12.72%. Given Atlas Lithium’s stronger consensus rating and higher probable upside, research analysts clearly believe Atlas Lithium is more favorable than its competitors.

Valuation and Earnings

This table compares Atlas Lithium and its competitors top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Atlas Lithium	$10,000.00	-$41.39 million	-3.39
Atlas Lithium Competitors	$2.42 billion	$330.33 million	5.76

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.

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	20.43%	-22.50%	3.84%

Summary

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

Atlas Lithium Company Profile

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.