Assessing Whether American Lithium Corp (NASDAQ: AMLI) Is Over- Or Undervalued

American Lithium Corp (AMLI) concluded trading on Thursday at a closing price of $0.79, with 2.52 million shares of worth about $1.99 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.39% during that period and on October 10, 2024 the price saw a gain of about 17.88%. Currently the company’s common shares owned by public are about 217.56M shares, out of which, 211.60M shares are available for trading.

Stock saw a price change of 52.91% in past 5 days and over the past one month there was a price change of 119.76%. Year-to-date (YTD), AMLI shares are showing a performance of -28.20% which decreased to -40.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.32 but also hit the highest price of $1.35 during that period. The average intraday trading volume for American Lithium Corp shares is 354.22K. The stock is currently trading 56.63% above its 20-day simple moving average (SMA20), while that difference is up 80.54% for SMA50 and it goes to 21.14% higher than SMA200.

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American Lithium Corp (NASDAQ: AMLI) currently have 217.56M outstanding shares and institutions hold larger chunk of about 8.62% of that.

The stock has a current market capitalization of $171.83M and its 3Y-monthly beta is at 1.81. It has posted earnings per share of -$0.12 in the same period. It has Quick Ratio of 5.35 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMLI, volatility over the week remained 12.27% while standing at 11.22% over the month.

Stock’s fiscal year EPS is expected to rise by 41.65% while it is estimated to increase by 9.03% 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 B. Riley Securities on March 01, 2023 offering a Buy rating for the stock and assigned a target price of $5 to it.

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