What is the stock forecast for atlm and lac next year?
7/31/2024 10:53am
The stock forecast for Atlas Lithium (ATLX) and Lithium (LAC) next year is not optimistic.
1. **Atlas Lithium (ATLX)**:
- The net income for Atlas Lithium has been negative, with the latest figure being -$6.01 million as of March 31, 2024.
- The company's stock price has experienced a 1-week percentage change of -4.38% and a 1-month percentage change of 9.25%.
- The average price target for Atlas Lithium is $33.25, which is significantly higher than the current price, indicating potential for growth.
|Ticker|Name|Net Income|Date|code|market_code|
|---|---|---|---|---|---|
|LAC.N|Lithium|-1.5548E7|20220630|LAC|169|
|ATLX.O|Atlas Lithium|-1013256|20220630|ATLX|186|
|LAC.N|Lithium|-1.2077E7|20220930|LAC|169|
|ATLX.O|Atlas Lithium|-1270010|20220930|ATLX|186|
|LAC.N|Lithium|-2.3543E7|20221231|LAC|169|
|ATLX.O|Atlas Lithium|-2541570|20221231|ATLX|186|
|LAC.N|Lithium|-1717000|20230331|LAC|169|
|ATLX.O|Atlas Lithium|-4465353|20230331|ATLX|186|
|LAC.N|Lithium|1.0884E7|20230630|LAC|169|
|ATLX.O|Atlas Lithium|-9396896|20230630|ATLX|186|
|Ticker|Name|Closing Price|Date|code|market_code|
|---|---|---|---|---|---|
|ATLX.O|Atlas Lithium|11.34|20240730|ATLX|186|
|LAC.N|Lithium|2.6|20240730|LAC|169|
|Ticker|Name|Average Price Target|Date|code|market_code|
|---|---|---|---|---|---|
|ATLX.O|Atlas Lithium|33.25|20240729|ATLX|186|
|LAC.N|Lithium|5.45|20240729|LAC|169|
2. **Lithium (LAC)**:
- Lithium Americas Corp. has a negative net income of -$13.18 million as of March 31, 2024.
- The company's stock price has fallen by 4.06% on the last day, and it has experienced a 7-day percentage change of -19%.
- The average price target for Lithium is $5.45, with a more modest upside compared to Atlas Lithium.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|LAC.N|Lithium|-66.2090813093981|20221230-20231229|LAC|169|
Both companies are currently experiencing financial losses and negative stock price movements. While there is potential for growth based on the average analyst price targets, the short-term trend forecasts suggest that the stocks are likely to continue to face downward pressure in the near term. It is important for investors to consider these factors and the associated risks before making investment decisions.