The stock of American Lithium Corp. (NASDAQ:AMLI) increased by $0.09 on Tuesday to at $1.47, up 6.67 percent. The last five days have seen an average of 647,363 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$0.6155. The average number of shares traded over the last 20 days was 773,716, while the average volume over the last 50 days totaled 594,756.
AMLI stock dropped -22.93% since last month. On 08/11/23, the company’s shares reached a one-month low of $1.1400. The stock touched a high of $3.83 on 01/26/23, after rallying from a low of $1.14 in 52 weeks. The price of AMLI stock has declined by -29.07% or -$0.6155 this year, reaching a new high 11 times. Still, the stock price is down -61.56% from the 52-week high.
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Financial Health
Based on annual data, it had gross profit of $69000.0 and revenue of $28.53 million.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was -$8.49 million for the quarter. At the end of American Lithium Corp.’s most recent quarter, its liabilities totaled 1.54 million, while its total debt was $0.21 million.
Technical Picture
Here’s a quick look at American Lithium Corp.’s (AMLI) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 58.43%, suggesting the stock is Neutral, with a 82.38% historical volatility rate.
The stochastic %K and %D were 52.43% and 31.94% respectively, while the average true range (ATR) was 0.1026. Based on the 14-day stochastic reading of 82.05%, the RSI (14) reading is 47.74%. On the 9-day MACD Oscillator, the stock is at 0.0733, and the 14-day reading is at 0.0702.
Analyst Ratings
In its analyst report released on March 01, 2023, B. Riley Securities began covering American Lithium Corp. (NASDAQ: AMLI). The stock was rated as a Buy by the brokerage firm. Analysts have assigned American Lithium Corp. (AMLI) an Buy rating. AMLI is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is AMLI’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.69 and $7.33, with a median target price of $5.88. In analyzing these forecasts, the average price target given by analysts for American Lithium Corp. (AMLI) is $5.69.
