5 Cheap Lithium Stocks to Buy According to Analysts

1. Atlas Lithium Corporation (NASDAQ:ATLX)  

Average Price Target Based on Analyst Ratings: 55.33           

Upside Potential as of 21 March: 269.36%

P/E Ratio: -4.14

Atlas Lithium Corporation (NASDAQ:ATLX) is all about production of lithium batters for RVs, along with installation and replacement services; their lithium processing plant is expected to experience a big jump, with the operations starting off by the end of 2024.

Atlas Lithium Corporation (NASDAQ:ATLX) also bagged pre-signed agreements with big players like Chengxin and Yahua, who have taken up 80% stake in the phase 1 production, by throwing in $50 million.

The ownership structure of the company is one to look at as well – management and insiders are enjoying 40% of the stake, institutional investors bagging around 18%, and remaining 42% owned by retail investors. Also, big investors are in their game as well, including Waratah Capital Advisors Ltd., Invesco Capital Management LLC, Weiss Multi-Strategy Advisers LLC, and Candace Shira Associates LLC.

Analysts are looking at all bright and sunny outlook, throwing a “buy” position in the stock; 4 hedge funds are holding a stake in the stock as of 2023 Q4, indicating the value stock offers.

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