Atlas Lithium Stock Net Income
| ATLX Stock | USD 13.65 0.67 4.68% |
Atlas Lithium fundamentals help investors to digest information that contributes to Atlas Lithium's financial success or failures. It also enables traders to predict the movement of Atlas Stock. The fundamental analysis module provides a way to measure Atlas Lithium's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Atlas Lithium stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -42.6 M | -40.5 M | |
| Net Loss | -28.1 M | -26.7 M | |
| Net Loss | -2.5 M | -2.6 M | |
| Net Loss | -4.1 K | -3.9 K | |
| Net Income Per E B T | 0.97 | 1.06 |
Atlas | Net Income |
Atlas Lithium Company Net Income Analysis
Atlas Lithium's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Atlas Lithium Net Income | (42.63 M) |
Most of Atlas Lithium's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Atlas Lithium is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Atlas Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Atlas Lithium is extremely important. It helps to project a fair market value of Atlas Stock properly, considering its historical fundamentals such as Net Income. Since Atlas Lithium's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Atlas Lithium's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Atlas Lithium's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Atlas Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Atlas Lithium reported net income of (42.63 Million). This is 254.27% higher than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The net income for all United States stocks is 107.47% higher than that of the company.
Atlas Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Atlas Lithium's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Atlas Lithium could also be used in its relative valuation, which is a method of valuing Atlas Lithium by comparing valuation metrics of similar companies.Atlas Lithium is currently under evaluation in net income category among related companies.
Atlas Fundamentals
| Return On Equity | -7.03 | ||||
| Return On Asset | -1.08 | ||||
| Current Valuation | 163.96 M | ||||
| Shares Outstanding | 14.64 M | ||||
| Shares Owned By Insiders | 53.65 % | ||||
| Shares Owned By Institutions | 11.67 % | ||||
| Number Of Shares Shorted | 279.19 K | ||||
| Price To Book | 22.20 X | ||||
| Price To Sales | 1,135 X | ||||
| Revenue | 620 | ||||
| Gross Profit | (235.58 K) | ||||
| EBITDA | (42.59 B) | ||||
| Net Income | (42.63 M) | ||||
| Cash And Equivalents | 444.23 K | ||||
| Total Debt | 10.22 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 0.16 X | ||||
| Book Value Per Share | 0.70 X | ||||
| Cash Flow From Operations | (5.03 M) | ||||
| Short Ratio | 2.09 X | ||||
| Earnings Per Share | (4.11) X | ||||
| Target Price | 43.67 | ||||
| Number Of Employees | 76 | ||||
| Beta | -3.33 | ||||
| Market Capitalization | 209.66 M | ||||
| Total Asset | 43.68 M | ||||
| Retained Earnings | (101.66 M) | ||||
| Working Capital | 24.04 M | ||||
| Net Asset | 43.68 M |
About Atlas Lithium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Atlas Lithium's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Atlas Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Atlas Lithium based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Atlas Lithium in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Atlas Lithium's short interest history, or implied volatility extrapolated from Atlas Lithium options trading.
Pair Trading with Atlas Lithium
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atlas Lithium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atlas Lithium will appreciate offsetting losses from the drop in the long position's value.Moving against Atlas Stock
| 0.79 | GROY | Gold Royalty Corp Financial Report 9th of May 2024 | PairCorr |
| 0.73 | BVN | Compania de Minas Earnings Call This Week | PairCorr |
| 0.66 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
| 0.66 | CF | CF Industries Holdings Earnings Call This Week | PairCorr |
| 0.54 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Atlas Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Lithium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atlas Lithium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atlas Lithium to buy it.
The correlation of Atlas Lithium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atlas Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Lithium moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atlas Lithium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Atlas Lithium Piotroski F Score and Atlas Lithium Altman Z Score analysis. For more information on how to buy Atlas Stock please use our How to Invest in Atlas Lithium guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary 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.
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Is Atlas Lithium's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atlas Lithium. If investors know Atlas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atlas Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.11) | Quarterly Revenue Growth (0.46) | Return On Assets (1.08) | Return On Equity (7.03) |
The market value of Atlas Lithium is measured differently than its book value, which is the value of Atlas that is recorded on the company's balance sheet. Investors also form their own opinion of Atlas Lithium's value that differs from its market value or its book value, called intrinsic value, which is Atlas Lithium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atlas Lithium's market value can be influenced by many factors that don't directly affect Atlas Lithium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atlas Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atlas Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atlas Lithium's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.