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Aemetis Inc (NASDAQ:AMTX) Stock Boosted 24.49% So Far In 2023, What Analysts Expect Next?

In last trading session, Aemetis Inc (NASDAQ:AMTX) saw 0.4 million shares changing hands with its beta currently measuring 1.32. Company’s recent per share price level of $4.93 trading at $0.07 or 1.44% at ring of the bell on the day assigns it a market valuation of $194.49M. That closing price of AMTX’s stock is at a discount of -82.35% from its 52-week high price of $8.99 and is indicating a premium of 76.47% from its 52-week low price of $1.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.39 million shares which gives us an average trading volume of 545.88K if we extend that period to 3-months.

For Aemetis Inc (AMTX), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.14. Splitting up the data highlights that, out of 7 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.25 in the current quarter.

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Aemetis Inc (NASDAQ:AMTX) trade information

Upright in the green during last session for gaining 1.44%, in the last five days AMTX remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $4.93 price level, adding 2.38% to its value on the day. Aemetis Inc’s shares saw a change of 24.49% in year-to-date performance and have moved 9.07% in past 5-day. Aemetis Inc (NASDAQ:AMTX) showed a performance of -1.20% in past 30-days. Number of shares sold short was 5.88 million shares which calculate 10.94 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $12.07 to the stock, which implies a rise of 59.15% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $28.00. It follows that stock’s current price would drop -467.95% in reaching the projected high whereas dropping to the targeted low would mean a gain of 39.15% for stock’s current value.

Aemetis Inc (AMTX) estimates and forecasts

Statistics highlight that Aemetis Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 53.11% of value to its shares in past 6 months, showing an annual growth rate of 20.63% while that of industry is 0.40. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 60.30% in the current quarter and calculating 63.00% increase in the next quarter. This year revenue growth is estimated to fall -22.20% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $82.11 million for the same. And 3 analysts are in estimates of company making revenue of $97.5 million in the next quarter that will end on Mar 2024. Company posted $66.73 million and $59.53 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 23.00% while estimating it to be 63.80% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.29% during past 5 years.

AMTX Dividends

Aemetis Inc is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Aemetis Inc (NASDAQ:AMTX)’s Major holders

Insiders are in possession of 10.83% of company’s total shares while institution are holding 40.03 percent of that, with stock having share float percentage of 44.89%. Investors also watch the number of corporate investors in a company very closely, which is 40.03% institutions for Aemetis Inc that are currently holding shares of the company. Grantham, Mayo, Van Otterloo & Co. LLC is the top institutional holder at AMTX for having 2.1 million shares of worth $15.4 million. And as of Jun 29, 2023, it was holding 5.41% of the company’s outstanding shares.

The second largest institutional holder is Encompass Capital Advisors, LLC, which was holding about 1.81 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.65% of outstanding shares, having a total worth of $13.25 million.

On the other hand, Vanguard Total Stock Market Index Fund and GMO Resources Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 1.11 million shares of worth $8.15 million or 2.86% of the total outstanding shares. The later fund manager was in possession of 0.77 million shares on May 30, 2023, making its stake of worth around $3.65 million in the company or a holder of 1.97% of company’s stock.

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