Atlas Lithium FY2026 EPS Forecast Decreased by HC Wainwright

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

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

Atlas Lithium Stock Performance

Atlas Lithium stock opened at $4.53 on Thursday. The company has a market cap of $122.94 million, a P/E ratio of -2.89 and a beta of -0.76. Atlas Lithium has a one year low of $3.54 and a one year high of $8.25. The business has a fifty day moving average of $5.19 and a two-hundred day moving average of $5.05.

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

Institutional Trading of Atlas Lithium

Several large investors have recently bought and sold shares of ATLX. Prospera Financial Services Inc acquired a new stake in Atlas Lithium in the fourth quarter valued at $42,000. LPL Financial LLC acquired a new position in shares of Atlas Lithium during the 4th quarter worth $43,000. Alps Advisors Inc. purchased a new stake in shares of Atlas Lithium in the 3rd quarter worth about $57,000. Quadrature Capital Ltd acquired a new stake in Atlas Lithium in the 4th quarter valued at about $61,000. Finally, Virtu Financial LLC acquired a new stake in Atlas Lithium in the 3rd quarter valued at about $153,000. Institutional investors and hedge funds 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.