Aemetis Inc (NASDAQ:AMTX) Drops -0.45%, But Further Rally Could Be Imminent

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In last trading session, Aemetis Inc (NASDAQ:AMTX) saw 0.32 million shares changing hands with its beta currently measuring 1.28. Company’s recent per share price level of $2.21 trading at -$0.01 or -0.45% at ring of the bell on the day assigns it a market valuation of $104.31M. That closing price of AMTX’s stock is at a discount of -218.1% from its 52-week high price of $7.03 and is indicating a premium of 4.98% from its 52-week low price of $2.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 600.83K if we extend that period to 3-months.

For Aemetis Inc (AMTX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 8 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Aemetis Inc (NASDAQ:AMTX) trade information

Upright in the red during last session for losing -0.45%, in the last five days AMTX remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $2.21 price level, adding 14.01% to its value on the day. Aemetis Inc’s shares saw a change of -57.82% in year-to-date performance and have moved -11.24% in past 5-day. Aemetis Inc (NASDAQ:AMTX) showed a performance of -12.30% in past 30-days. Number of shares sold short was 6.52 million shares which calculate 10.69 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.88 to the stock, which implies a rise of 42.97% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 4.25. It follows that stock’s current price would drop -58.37% in reaching the projected high whereas dropping to the targeted low would mean a loss of -58.37% for stock’s current value.

Aemetis Inc (AMTX) estimates and forecasts

Statistics highlight that Aemetis Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -32.21% of value to its shares in past 6 months, showing an annual growth rate of -80.33% while that of industry is -35.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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 5.64% during past 5 years.

Aemetis Inc (NASDAQ:AMTX)’s Major holders

Insiders are in possession of 8.40% of company’s total shares while institution are holding 23.41 percent of that, with stock having share float percentage of 25.56%. Investors also watch the number of corporate investors in a company very closely, which is 23.41% institutions for Aemetis Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at AMTX for having 2.27 million shares of worth $6.85 million. And as of 2024-06-30, it was holding 5.4302 of the company’s outstanding shares.

The second largest institutional holder is GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC, which was holding about 1.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.5152 of outstanding shares, having a total worth of $5.69 million.