As of Friday close, Atlas Energy Solutions Inc.’s (NYSE:AESI) stock was up $0.33, moving up 1.52 percent to $22.09. The average number of shares traded per day over the past five days has been 751,160 shares. 3 times new highs have been achieved over the past 5 days, with a $1.65 gain in that time frame. In the last twenty days, the average volume was 489,110, while in the previous 50 days, it was 405,392.
Since last month, AESI stock rose 19.31%. Shares of the company fell to $17.33 on 07/19/23, the lowest level in the past month. Since the beginning of this year, AESI’s stock price has risen by 31.79%. However, the stock has declined by -0.05% since its 52-week high.
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AESI stock investors should be aware that Atlas Energy Solutions Inc. (AESI) stock had its last reported insider trading activity 75 days ago on Jun 05. BRIGHAM BEN M, the Exec Chairman & CEO of the company, purchased of 10,000 shares for $16.85 on Jun 05. It resulted in a $168,500 investment by the insider. BRIGHAM BEN M added 10,000 shares at an average price of $16.29 on May 26. The insider now owns 290,000 shares following the transaction. On Mar 13, BRIGHAM BEN M bought 280,000 shares at $18.00 apiece. The transaction was valued at $5,040,000.
Valuation Metrics
Right now, Atlas Energy Solutions Inc. (AESI) has a P/E ratio of about 7.53. Besides these, the trailing price-to-sales (P/S) ratio of 2.06, the price-to-book (PB) ratio of 16.49, and the price-to-cash flow ratio of 17.68 may also be considered.
The latest dividend of $0.20 per share was paid out, which is 33.33% more than last year’s $0.15. On Monday July 31 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended June 29, Atlas Energy Solutions Inc.’s quick ratio stood at 3.20, while its current ratio was 3.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.74, and the total debt-to-equity ratio was 2.22. On the profitability front, the trailing twelve-month gross margin is 52.80% percent. In the year ended June 29, EBITDA margin amounted to 53.94%, whereas operating margins totaled 47.10%.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 33.90%. Return on equity (ROE) for the past 12 months was 60.60%.
In Atlas Energy Solutions Inc.’s quarter-end financial report for June 29, it reported total debt of $101.2 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AESI’s revenue rose 100.0% to $144.9 million during the quarter, while net income inched up to $152.36 million. While analysts expected Atlas Energy Solutions Inc. to report $0.66 quarterly earnings, the actual figure was $0.67 per share, beating the consensus estimate by 1.50%. During the quarter, the company generated $86.71 million in EBITDA. The liabilities of Atlas Energy Solutions Inc. were 1.12 billion at the end of its most recent quarter ended June 29, and its total debt was $175.64 million. The value of shareholders’ equity is $100.0 million.
Technical Picture
This quick technical analysis looks at Atlas Energy Solutions Inc.’s (AESI) price momentum. With a historical volatility rate of 44.16%, the RSI 9-day stood at 69.46% on 18 August.
With respect to its five-day moving average, the current Atlas Energy Solutions Inc. price is up by +8.07% percent or $1.65. At present, AESI shares trade +19.28% above its 20-day simple moving average and +33.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.45% above its SMA50.
Stochastic coefficient K was 83.66% and Stochastic coefficient D was 79.39%, while ATR was 0.88. Given the Stochastic reading of 87.42% for the 14-day period, the RSI (14) reading has been calculated as 67.84%. As of today, the MACD Oscillator reading stands at 0.65, while the 14-day reading stands at 0.67.
Analyst Ratings
Johnson Rice launched its rating on Atlas Energy Solutions Inc. (NYSE: AESI) to a Buy in a note to investors on April 12, 2023. Atlas Energy Solutions Inc. (AESI) has been rated Buy by analysts. According to 0 brokerage firms, AESI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Atlas Energy Solutions Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $23.00 – $27.00. Based on these forecasts, analysts predict Atlas Energy Solutions Inc. (AESI) will achieve an average price target of $25.00.
