Following The Money: Institution’s Growing Stake In Aemetis Inc (NASDAQ: AMTX)

Aemetis Inc (AMTX) concluded trading on Thursday at a closing price of $5.10, with 24.48 million shares of worth about $124.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.92% during that period and on March 21, 2024 the price saw a gain of about 39.73%. Currently the company’s common shares owned by public are about 35.87M shares, out of which, 35.42M shares are available for trading.

Stock saw a price change of 59.38% in past 5 days and over the past one month there was a price change of 39.34%. Year-to-date (YTD), AMTX shares are showing a performance of -2.67% which increased to 84.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.16 but also hit the highest price of $8.99 during that period. The average intraday trading volume for Aemetis Inc shares is 518.24K. The stock is currently trading 51.63% above its 20-day simple moving average (SMA20), while that difference is up 46.25% for SMA50 and it goes to 1.65% higher than SMA200.

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Aemetis Inc (NASDAQ: AMTX) currently have 35.87M outstanding shares and institutions hold larger chunk of about 26.99% of that.

The stock has a current market capitalization of $201.50M and its 3Y-monthly beta is at 0.94. It has posted earnings per share of -$1.26 in the same period. It has Quick Ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMTX, volatility over the week remained 16.71% while standing at 9.34% over the month.

Analysts are in expectations that Aemetis Inc (AMTX) stock would likely to be making an EPS of -$0.61 in the current quarter, while forecast for next quarter EPS is -$0.53 and it is -$0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.65 which is -$0.58 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.73 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.39% while it is estimated to increase by 74.99% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on August 16, 2023 offering a Buy rating for the stock and assigned a target price range of between $2.50 and $10.50 to it. Coverage by Piper Sandler stated Aemetis Inc (AMTX) stock as an Underweight in their note to investors on February 28, 2023, suggesting a price target of $3 for the stock. On December 14, 2022, UBS Initiated their recommendations, while on August 09, 2022, Truist Downgrade their ratings for the stock with a price target of $12. Stock get an Outperform rating from Credit Suisse on November 22, 2021.

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