Atlas Lithium Stock Probability of Future Stock Price Finishing Over 24.89

ATLX Stock  USD 7.24  0.02  0.28%   
Atlas Lithium's future price is the expected price of Atlas Lithium instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Atlas Lithium performance during a given time horizon utilizing its historical volatility. Check out Atlas Lithium Backtesting, Atlas Lithium Valuation, Atlas Lithium Correlation, Atlas Lithium Hype Analysis, Atlas Lithium Volatility, Atlas Lithium History as well as Atlas Lithium Performance.
For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.
  
At this time, Atlas Lithium's Price To Sales Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to rise to 37.18 in 2024, whereas Price Earnings Ratio is likely to drop (0.01) in 2024. Please specify Atlas Lithium's target price for which you would like Atlas Lithium odds to be computed.

Atlas Lithium Target Price Odds to finish over 24.89

The tendency of Atlas Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 24.89  or more in 90 days
 7.24 90 days 24.89 
close to zero percent
Based on a normal probability distribution, the odds of Atlas Lithium to move over $ 24.89  or more in 90 days from now is close to zero percent (This Atlas Lithium probability density function shows the probability of Atlas Stock to fall within a particular range of prices over 90 days) . Probability of Atlas Lithium price to stay between its current price of $ 7.24  and $ 24.89  at the end of the 90-day period is about 78.08 .
Given the investment horizon of 90 days Atlas Lithium has a beta of -0.57. This suggests as returns on the benchmark increase, returns on holding Atlas Lithium are expected to decrease at a much lower rate. During a bear market, however, Atlas Lithium is likely to outperform the market. Additionally Atlas Lithium has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Atlas Lithium Price Density   
       Price  

Predictive Modules for Atlas Lithium

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Atlas Lithium. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
1.147.0112.88
Details
Intrinsic
Valuation
LowRealHigh
6.5019.3325.20
Details
Naive
Forecast
LowNextHigh
2.498.3614.23
Details
3 Analysts
Consensus
LowTargetHigh
51.2656.3362.53
Details

Atlas Lithium Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Atlas Lithium is not an exception. The market had few large corrections towards the Atlas Lithium's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Atlas Lithium, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Atlas Lithium within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.33
β
Beta against Dow Jones-0.57
σ
Overall volatility
1.20
Ir
Information ratio -0.08

Atlas Lithium Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Atlas Lithium for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Atlas Lithium can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Atlas Lithium generated a negative expected return over the last 90 days
Atlas Lithium has high historical volatility and very poor performance
Atlas Lithium currently holds 10.22 M in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Atlas Lithium has a current ratio of 0.16, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Atlas Lithium's use of debt, we should always consider it together with its cash and equity.
The entity reported the previous year's revenue of 620. Net Loss for the year was (42.63 M) with loss before overhead, payroll, taxes, and interest of (235.58 K).
Atlas Lithium currently holds about 444.23 K in cash with (5.03 M) of positive cash flow from operations.
Atlas Lithium has a poor financial position based on the latest SEC disclosures
Roughly 49.0% of Atlas Lithium shares are held by company insiders
Latest headline from news.google.com: Wall Street Analysts Believe Atlas Lithium Corporation Could Rally 246.31 percent Heres is How to Trade - Yahoo Finance

Atlas Lithium Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Atlas Stock often depends not only on the future outlook of the current and potential Atlas Lithium's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Atlas Lithium's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding10.1 M
Cash And Short Term Investments29.5 M

Atlas Lithium Technical Analysis

Atlas Lithium's future price can be derived by breaking down and analyzing its technical indicators over time. Atlas Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Atlas Lithium. In general, you should focus on analyzing Atlas Stock price patterns and their correlations with different microeconomic environments and drivers.

Atlas Lithium Predictive Forecast Models

Atlas Lithium's time-series forecasting models is one of many Atlas Lithium's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Atlas Lithium's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Atlas Lithium

Checking the ongoing alerts about Atlas Lithium for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Atlas Lithium help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Atlas Lithium generated a negative expected return over the last 90 days
Atlas Lithium has high historical volatility and very poor performance
Atlas Lithium currently holds 10.22 M in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Atlas Lithium has a current ratio of 0.16, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Atlas Lithium's use of debt, we should always consider it together with its cash and equity.
The entity reported the previous year's revenue of 620. Net Loss for the year was (42.63 M) with loss before overhead, payroll, taxes, and interest of (235.58 K).
Atlas Lithium currently holds about 444.23 K in cash with (5.03 M) of positive cash flow from operations.
Atlas Lithium has a poor financial position based on the latest SEC disclosures
Roughly 49.0% of Atlas Lithium shares are held by company insiders
Latest headline from news.google.com: Wall Street Analysts Believe Atlas Lithium Corporation Could Rally 246.31 percent Heres is How to Trade - Yahoo Finance

Additional Tools for Atlas Stock Analysis

When running Atlas Lithium's price analysis, check to measure Atlas Lithium's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atlas Lithium is operating at the current time. Most of Atlas Lithium's value examination focuses on studying past and present price action to predict the probability of Atlas Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atlas Lithium's price. Additionally, you may evaluate how the addition of Atlas Lithium to your portfolios can decrease your overall portfolio volatility.