Head to Head Review: Atlas Lithium (ATLX) versus Its Rivals

Atlas Lithium (NASDAQ:ATLX) is one of 29 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it compare to its peers? We will compare Atlas Lithium to similar businesses based on the strength of its earnings, valuation, institutional ownership, analyst recommendations, dividends, profitability and risk.

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Atlas Lithium	$10,000.00	-$41.39 million	-4.30
Atlas Lithium Competitors	$2.25 billion	$330.33 million	6.09

Atlas Lithium’s peers have higher revenue and earnings than Atlas Lithium. Atlas Lithium is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

18.4% of Atlas Lithium shares are held by institutional investors. Comparatively, 57.8% 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 insiders. Comparatively, 6.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Atlas Lithium and its peers’ 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	20.43%	-22.50%	3.84%

Analyst Ratings

This is a breakdown of recent recommendations for Atlas Lithium and its peers, 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	233	1081	1452	13	2.45

Atlas Lithium currently has a consensus price target of $43.67, suggesting a potential upside of 150.24%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 7.09%. Given Atlas Lithium’s stronger consensus rating and higher probable upside, analysts clearly believe Atlas Lithium is more favorable than its peers.

Volatility & Risk

Atlas Lithium has a beta of -1.14, meaning that its share price is 214% less volatile than the S&P 500. Comparatively, Atlas Lithium’s peers have a beta of 1.10, meaning that their average share price is 10% more volatile than the S&P 500.

Summary

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

About Atlas Lithium

Atlas Lithium Corporation operates as a mineral exploration and mining 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, 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 is based in Belo Horizonte, Brazil.