Atlas Energy Solutions Inc. (NYSE: AESI) is 27.70% higher on its value in year-to-date trading and has touched a low of $14.81 and a high of $24.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AESI stock was last observed hovering at around $22.00 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $21.93, the stock is 12.39% and 22.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.77 million and changing -0.32% at the moment leaves the stock 16.37% off its SMA200. AESI registered 38.93% gain for a year compared to 6-month loss of -5.89%. The firm has a 50-day simple moving average (SMA 50) of $1.83 and a 200-day simple moving average (SMA200) of $3.36.
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The stock witnessed a 26.02% gain in the last 1 month and extending the period to 3 months gives it a 31.28%, and is 8.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.28% over the week and 4.01% over the month.
Atlas Energy Solutions Inc. (AESI) has around 371 employees, a market worth around $1.27B and $613.96M in sales. Current P/E ratio is 13.50 and Fwd P/E is 5.54. Profit margin for the company is 17.17%. Distance from 52-week low is 48.06% and -10.69% from its 52-week high. The company has generated returns on investments over the last 12 months (10.13%).
Atlas Energy Solutions Inc. quarterly earnings per share for the current quarter are estimated at $0.45 with sales reaching $201.99M over the same period.The EPS is expected to grow by 52.94% this year, but quarterly earnings will post 90.30% year-over-year. Quarterly sales are estimated to grow 31.70% in year-over-year returns.
Atlas Energy Solutions Inc. (AESI) Top Institutional Holders
165 institutions hold shares in Atlas Energy Solutions Inc. (AESI), with institutional investors hold 57.91% of the company’s shares. The shares outstanding are 57.15M, and float is at 31.56M with Short Float at 17.57%. Institutions hold 32.98% of the Float.
Atlas Energy Solutions Inc. (AESI) Insider Activity
The most recent transaction is an insider sale by Hock Stacy,the company’sMember of 10% Owner Group. SEC filings show that Hock Stacy sold 50,000 shares of the company’s common stock on Mar 08 ’24 at a price of $19.97 per share for a total of $1.0 million. Following the sale, the insider now owns 0.97 million shares.
Atlas Energy Solutions Inc. disclosed in a document filed with the SEC on Nov 17 ’23 that Schmidt Richard W (Member of 10% Owner Group) sold a total of 351,000 shares of the company’s common stock. The trade occurred on Nov 17 ’23 and was made at $17.07 per share for $5.99 million. Following the transaction, the insider now directly holds 1.31 million shares of the AESI stock.
Still, SEC filings show that on Oct 18 ’23, Schmidt Richard W (Member of 10% Owner Group) disposed off 8,640 shares at an average price of $20.75 for $0.18 million. The insider now directly holds 1,658,306 shares of Atlas Energy Solutions Inc. (AESI).
