In the latest trading session, 0.46 million Aemetis Inc (NASDAQ:AMTX) shares changed hands as the company’s beta touched 1.39. With the company’s most recent per share price at $3.74 changed hands at -$0.25 or -6.27% at last look, the market valuation stands at $186.01M. AMTX’s current price is a discount, trading about -87.97% off its 52-week high of $7.03. The share price had its 52-week low at $2.10, which suggests the last value was 43.85% up since then. When we look at Aemetis Inc’s average trading volume, we note the 10-day average is 0.71 million shares, with the 3-month average coming to 686.08K.
Analysts gave the Aemetis Inc (AMTX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 2 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended AMTX as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Aemetis Inc’s EPS for the current quarter is expected to be -0.41.
Aemetis Inc (NASDAQ:AMTX) trade information
Instantly AMTX was in red as seen in intraday trades today. With action -9.66%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.63%, with the 5-day performance at -9.66% in the red. However, in the 30-day time frame, Aemetis Inc (NASDAQ:AMTX) is 41.13% up. Looking at the short shares, we see there were 5.54 million shares sold at short interest cover period of 6.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.88, meaning bulls need an upside of 3.61% from its recent market value. According to analyst projections, AMTX’s forecast low is 3.5 with 4.25 as the target high. To hit the forecast high, the stock’s price needs a -13.64% plunge from its current level, while the stock would need to tank 6.42% for it to hit the projected low.
Aemetis Inc (AMTX) estimates and forecasts
Data shows that the Aemetis Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 17.61% over the past 6 months, a -65.57% in annual growth rate that is considerably lower than the industry average of -45.30%. Year-over-year growth is forecast to reach 65.74% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 88.72M. 3 analysts are of the opinion that Aemetis Inc’s revenue for the current quarter will be 96.2M. The company’s revenue for the corresponding quarters a year ago was 70.76M and 72.63M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.37%. The estimates for the next quarter sales put growth at 32.44%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 5.64%. The 2024 estimates are for Aemetis Inc earnings to decrease by -64.75%.
AMTX Dividends
Aemetis Inc is expected to release its next quarterly earnings report in January.
Aemetis Inc (NASDAQ:AMTX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.00% of Aemetis Inc shares while 22.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 24.81%. There are 22.82% institutions holding the Aemetis Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.4302% of the shares, roughly 2.27 million AMTX shares worth $6.85 million.
GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC holds the second largest percentage of outstanding shares, with 4.5152% or 1.89 million shares worth $5.69 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 1.11 shares estimated at $4.13 million under it, the former controlled 2.24% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.95% of the shares, roughly 967.52 shares worth around $3.59 million.
