Growing Through Challenges? – Aemetis Inc. (AMTX)


    Renaissance Technologies LLC recently announced the acquisition of new stake in Aemetis Inc. (NASDAQ:AMTX). This fresh investment now brings its stake to 1.81% valued currently at $0.42 million. In addition, Bridgeway Capital Management, Inc.. raised its holdings by 0.2 million to 0.2 million shares. And Geode Capital Management LLC has lifted its position by 16.34% or 10326.0 shares – to 73506.0 shares.

    With over 33.98 million Aemetis Inc. (AMTX) shares trading Tuesday and a closing price of $2.04 on the day, the dollar volume was approximately $69.31 million. The shares have shown a negative weekly performance of -1.92% and its price on 09/01/20 gained nearly 22.89%. Currently, there are 20.68M common shares owned by the public and among those 18.57M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for AMTX have a consensus price objective of $4.50. The analysts have set the share’s price value over the next 12 months at a high of $4.50 and a low of $4.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Aemetis Inc. stock is 2.00 for the next 12 months. But an upside of 54.67% will see the stock hit the forecast high price target while mean target price for the stock is $4.50.

    Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 120,000 shares.

    The top 3 mutual fund holders in Aemetis Inc. are Bridgeway Ultra Small Company Fun, Vanguard Extended Market Index Fu, and Bridgeway Ultra Small Company Mar. Bridgeway Ultra Small Company Fun owns 0.14 million shares of the company’s stock, all valued at over $0.16 million. The company bought an additional 0.14 million shares recently to bring their total holdings to about 0.70% of the shares outstanding. Bridgeway Ultra Small Company Mar bought 50000.0 shares to bring its total holdings to over 50000.0 shares at a value of $56000.0. Bridgeway Ultra Small Company Mar now owns shares totaling to 0.24% of the shares outstanding.

    Shares of Aemetis Inc. (NASDAQ: AMTX) opened at $1.88, up $0.22 from a prior closing price of $1.66. However, the script later closed the day at $2.04, up 22.89%. The company’s stock has a 5-day price change of -1.92% and 148.78% over the past three months. AMTX shares are trading 145.78% year to date (YTD), with the 12-month market performance up to 166.67% higher. It has a 12-month low price of $0.37 and touched a high of $3.47 over the same period. Currently, 33.98 million shares have been traded, compared to an average intraday trading volume of 1.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.99%, 42.66%, and 115.66% respectively.

    Institutional ownership of Aemetis Inc. (NASDAQ: AMTX) shares accounts for 22.90% of the company’s 20.68M shares outstanding. Mutual fund holders own 29.41%, while other institutional holders and individual stakeholders account for 3.36% and 2.13% respectively.

    It has a market capitalization of $42.62M and a beta (3y monthly) value of 0.94. The earnings-per-share (ttm) stands at -$1.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 22.17% over the week and 22.67% over the month.

    Analysts forecast that Aemetis Inc. (AMTX) will achieve an EPS of -$0.05 for the current quarter, -$0.12 for the next quarter and -$1 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.05. Comparatively, EPS for the current quarter was -$0.31 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.00%, and -53.80% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Aemetis Inc. (AMTX) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the AMTX, a number of firms have released research notes about the stock. FBR Capital stated their Mkt Perform rating for the stock in a research note on July 25, 2016, with the firm’s price target at $2.50.


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