FY2026 EPS Estimates for Atlas Lithium Cut by HC Wainwright

Atlas Lithium Corporation (NASDAQ:ATLX) – Equities researchers at HC Wainwright lowered their FY2026 earnings per share (EPS) estimates for shares of Atlas Lithium in a report issued on Tuesday, March 17th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.23) for the year, down from their previous forecast of ($0.20). The consensus estimate for Atlas Lithium’s current full-year earnings is ($2.79) per share.

Several other equities research analysts also recently issued reports on ATLX. Weiss Ratings restated a “sell (d-)” rating on shares of Atlas Lithium in a research report on Monday, December 29th. Wall Street Zen upgraded Atlas Lithium from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research raised Atlas Lithium to a “hold” rating in a report on Thursday, February 5th. One 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’s stock. According to data from MarketBeat, Atlas Lithium currently has an average rating of “Hold” and an average target price of $12.00.

Atlas Lithium Stock Performance

Shares of ATLX opened at $4.04 on Thursday. Atlas Lithium has a 52 week low of $3.54 and a 52 week high of $8.25. The firm has a market cap of $109.65 million, a P/E ratio of -2.57 and a beta of -0.76. The firm’s 50-day simple moving average is $5.15 and its 200 day simple moving average is $5.04.

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

Institutional Trading of Atlas Lithium

A number of institutional investors have recently bought and sold shares of ATLX. Prospera Financial Services Inc acquired a new position in shares of Atlas Lithium during the 4th quarter worth approximately $42,000. LPL Financial LLC bought a new position in shares of Atlas Lithium during the fourth quarter worth approximately $43,000. Alps Advisors Inc. acquired a new stake in shares of Atlas Lithium in the third quarter valued at approximately $57,000. Quadrature Capital Ltd bought a new stake in shares of Atlas Lithium in the fourth quarter valued at approximately $61,000. Finally, Virtu Financial LLC bought a new stake in shares of Atlas Lithium in the third quarter valued at approximately $153,000. Institutional investors own 18.35% of the company’s stock.

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.