FY2026 EPS Estimate for Atlas Lithium Decreased by Analyst

Atlas Lithium Corporation (NASDAQ:ATLX) – Equities research analysts at HC Wainwright cut their FY2026 earnings per share (EPS) estimates for Atlas Lithium in a research report issued to clients and investors on Tuesday, March 17th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.23) per share for the year, down from their prior estimate of ($0.20). The consensus estimate for Atlas Lithium’s current full-year earnings is ($2.79) per share.

ATLX has been the subject of several other reports. Zacks Research raised shares of Atlas Lithium to a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlas Lithium in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Atlas Lithium from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Atlas Lithium has an average rating of “Hold” and an average price target of $12.00.

Atlas Lithium Stock Down 1.5%

Shares of ATLX opened at $4.46 on Thursday. The stock has a market capitalization of $121.04 million, a P/E ratio of -2.84 and a beta of -0.76. Atlas Lithium has a twelve month low of $3.54 and a twelve month high of $8.25. The firm has a fifty day simple moving average of $5.18 and a two-hundred day simple moving average of $5.05.

Atlas Lithium (NASDAQ:ATLX) last issued its earnings results on Wednesday, March 4th. The company reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.28. Atlas Lithium had a negative net margin of 9,881.20% and a negative return on equity of 81.11%. The company had revenue of $0.04 million for the quarter, compared to the consensus estimate of $42.90 million.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ATLX. Prospera Financial Services Inc purchased a new stake in shares of Atlas Lithium in the 4th quarter worth about $42,000. LPL Financial LLC bought a new position in Atlas Lithium in the fourth quarter worth about $43,000. Alps Advisors Inc. purchased a new stake in Atlas Lithium in the third quarter worth about $57,000. Quadrature Capital Ltd purchased a new stake in Atlas Lithium in the fourth quarter worth about $61,000. Finally, Virtu Financial LLC bought a new stake in Atlas Lithium during the 3rd quarter valued at approximately $153,000. 18.35% of the stock is currently owned by institutional investors.

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.