Analysts Update Their Price Forecasts For Atlas Energy Solutions Inc. (AESI)

Atlas Energy Solutions Inc. (AESI) concluded trading on Thursday at a closing price of $22.62, with 0.44 million shares of worth about $9.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.26% during that period and on March 28, 2024 the price saw a gain of about 0.58%. Currently the company’s common shares owned by public are about 57.15M shares, out of which, 54.39M shares are available for trading.

However, the stock later moved at a day high price of 22.83, or with a gain of 0.58%. Stock saw a price change of 0.76% in past 5 days and over the past one month there was a price change of 17.20%. Year-to-date (YTD), AESI shares are showing a performance of 31.72% which increased to 38.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.16 but also hit the highest price of $24.56 during that period. The average intraday trading volume for Atlas Energy Solutions Inc. shares is 797.33K. The stock is currently trading 6.81% above its 20-day simple moving average (SMA20), while that difference is up 19.02% for SMA50 and it goes to 18.52% higher than SMA200.

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Atlas Energy Solutions Inc. (NYSE: AESI) currently have 57.15M outstanding shares and institutions hold larger chunk of about 24.43% of that.

The stock has a current market capitalization of $3.22B and its 3Y-monthly beta is at 0.60. PE ratio of stock for trailing 12 months is 13.92, while it has posted earnings per share of $1.62 in the same period. It has Quick Ratio of 3.81 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AESI, volatility over the week remained 1.90% while standing at 3.09% over the month.

Analysts are in expectations that Atlas Energy Solutions Inc. (AESI) stock would likely to be making an EPS of $0.44 in the current quarter, while forecast for next quarter EPS is $0.58 and it is $3.93 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.75 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 51.26% while it is estimated to increase by 57.58% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on March 14, 2024 offering a Buy rating for the stock and assigned a target price of $24 to it. Coverage by Johnson Rice stated Atlas Energy Solutions Inc. (AESI) stock as a Buy in their note to investors on April 12, 2023, suggesting a price target of $24 for the stock. On April 04, 2023, CapitalOne Initiated their recommendations, while on April 03, 2023, RBC Capital Mkts Initiated their ratings for the stock with a price target of $25. Stock get a Strong buy rating from Raymond James on April 03, 2023.

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