Head to Head Analysis: Atlas Lithium (ATLX) & Its Rivals

Atlas Lithium (NASDAQ:ATLX) is one of 28 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it compare to its competitors? We will compare Atlas Lithium to similar businesses based on the strength of its dividends, earnings, institutional ownership, analyst recommendations, risk, profitability and valuation.

Volatility & Risk

Atlas Lithium has a beta of -1.14, indicating that its stock price is 214% less volatile than the S&P 500. Comparatively, Atlas Lithium’s competitors have a beta of 1.11, indicating that their average stock price is 11% more volatile than the S&P 500.

Earnings and Valuation

This table compares Atlas Lithium and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Atlas Lithium	$10,000.00	-$41.39 million	-3.42
Atlas Lithium Competitors	$2.34 billion	$345.84 million	5.35

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	21.54%	-23.93%	3.99%

Analyst Ratings

This is a summary of recent ratings and recommmendations for Atlas Lithium and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Atlas Lithium	0	0	3	0	3.00
Atlas Lithium Competitors	229	1046	1423	13	2.45

Atlas Lithium presently has a consensus target price of $43.67, suggesting a potential upside of 214.60%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 15.67%. Given Atlas Lithium’s stronger consensus rating and higher probable upside, analysts plainly believe Atlas Lithium is more favorable than its competitors.

Insider & Institutional Ownership

18.4% of Atlas Lithium shares are held by institutional investors. Comparatively, 60.3% 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, 4.8% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

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

About Atlas Lithium

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.