Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Atlas Lithium Corporation (NASDAQ: ATLX) closed at $6.49 in the last session, up 2.61% from day before closing price of $6.32. In other words, the price has increased by $2.61 from its previous closing price. On the day, 50426.0 shares were traded. ATLX stock price reached its highest trading level at $6.49 during the session, while it also had its lowest trading level at $6.16.
Ratios:
We take a closer look at ATLX’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.45 and its Current Ratio is at 3.54. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.44.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 10 ’24 when Brian W. Bernier bought 1,400 shares for $9.20 per share.
Roger Noriega bought 7,000 shares of ATLX for $71,610 on Aug 29 ’24. On Aug 28 ’24, another insider, Marc Fogassa, who serves as the Chief Executive Officer of the company, bought 150,000 shares for $11.14 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ATLX now has a Market Capitalization of 99972760 and an Enterprise Value of 86072216. For the stock, the TTM Price-to-Sale (P/S) ratio is 187.85 while its Price-to-Book (P/B) ratio in mrq is 4.31. Its current Enterprise Value per Revenue stands at 158.321 whereas that against EBITDA is -1.723.
Stock Price History:
Over the past 52 weeks, ATLX has reached a high of $34.00, while it has fallen to a 52-week low of $6.12. The 50-Day Moving Average of the stock is -17.27%, while the 200-Day Moving Average is calculated to be -40.88%.
Shares Statistics:
According to the various share statistics, ATLX traded on average about 124.41K shares per day over the past 3-months and 111420 shares per day over the past 10 days. A total of 15.26M shares are outstanding, with a floating share count of 7.52M. Insiders hold about 51.19% of the company’s shares, while institutions hold 10.67% stake in the company. Shares short for ATLX as of 1732838400 were 508519 with a Short Ratio of 4.09, compared to 1730332800 on 472163. Therefore, it implies a Short% of Shares Outstanding of 508519 and a Short% of Float of 6.1300002.
