In yesterday’s Wall Street session, Aemetis Inc (NASDAQ:AMTX) shares traded at $5.57, up 9.22% from the previous session.
AMTX stock price is now 59.13% away from the 50-day moving average and 11.09% away from the 200-day moving average. The market capitalization of the company currently stands at $220.07M.
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With the price target enhanced from $2.50 to $10.50, UBS Upgraded its rating from Neutral to Buy for Aemetis Inc (NASDAQ: AMTX). On February 28, 2023, Piper Sandler recently initiated its ‘Underweight’ rating on the stock quoting a target price of $3, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Boness Naomi Louise, Director sold 15,000 shares of the company’s stock on Sep 12 ’23. The stock was sold for $84,694 at an average price of $5.65. Upon completion of the transaction, the Director now directly owns 16,441 shares in the company, valued at $91576.37. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16 ’23, Director BLOCK JOHN R sold 19,205 shares of the business’s stock. A total of $121,013 was realized by selling the stock at an average price of $6.30. This leaves the insider owning 27,169 shares of the company worth $0.15 million. A total of 10.34% of the company’s stock is owned by insiders.
During the past 12 months, Aemetis Inc has had a low of $1.16 and a high of $8.99. The fifty day moving average price for AMTX is $3.53 and a two-hundred day moving average price translates $5.01 for the stock.
The latest earnings results from Aemetis Inc (NASDAQ: AMTX) was released for Dec, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at -$0.64, missing analysts’ expectations of -$0.34 by -0.3. This compares to -$1.92 EPS in the same period last year. The company reported revenue of $68.69 million for the quarter, compared to $71.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.37 percent. For the current quarter, analysts expect AMTX to generate $80.38M in revenue.
