Aemetis (NASDAQ:AMTX) Upgraded to “Hold” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Aemetis (NASDAQ:AMTX – Free Report) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities analysts also recently weighed in on AMTX. Weiss Ratings restated a “sell (e+)” rating on shares of Aemetis in a report on Friday, July 17th. Ascendiant Capital Markets upped their price target on shares of Aemetis from $21.00 to $22.00 and gave the company a “buy” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.88.

View Our Latest Stock Analysis on AMTX

Aemetis Stock Performance

Shares of AMTX stock opened at $2.07 on Friday. The stock has a fifty day moving average price of $1.70 and a 200 day moving average price of $2.07. The stock has a market cap of $149.39 million, a PE ratio of -2.27 and a beta of 1.48. Aemetis has a 1 year low of $1.30 and a 1 year high of $3.80.

Aemetis (NASDAQ:AMTX – Get Free Report) last posted its earnings results on Thursday, August 6th. The specialty chemicals company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.16. The firm had revenue of $62.70 million for the quarter, compared to analysts’ expectations of $67.69 million. As a group, equities research analysts predict that Aemetis will post -0.98 earnings per share for the current year.

Institutional Trading of Aemetis

Several hedge funds and other institutional investors have recently bought and sold shares of AMTX. Royal Bank of Canada raised its holdings in Aemetis by 10,632.5% in the 1st quarter. Royal Bank of Canada now owns 8,908 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 8,825 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Aemetis in the 1st quarter worth about $33,000. Creative Planning purchased a new stake in Aemetis in the 2nd quarter valued at about $30,000. Prairiewood Capital LLC acquired a new position in shares of Aemetis during the 1st quarter valued at about $47,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Aemetis during the 2nd quarter valued at about $42,000. 27.02% of the stock is owned by hedge funds and other institutional investors.

Aemetis Company Profile

(Get Free Report)

Aemetis, Inc, headquartered in Cupertino, California, is a renewable fuels and renewable natural gas producer dedicated to decarbonizing the transportation sector. The company operates two primary business segments: Aemetis Advanced Fuels, which manufactures ethanol, biodiesel and sustainable aviation fuel using patented carbon capture and separation technology; and Aemetis RNG, which develops dairy-based renewable natural gas projects in California for pipeline injection and transportation use.

Since its incorporation in 2006, Aemetis has expanded its production footprint through organic growth and strategic acquisitions.

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