The stock price of Aemetis Inc (NASDAQ: AMTX) has dropped by -7.05 compared to previous close of 5.25. Despite this, the company has seen a fall of -10.79% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-22 that Aemetis (AMTX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Is It Worth Investing in Aemetis Inc (NASDAQ: AMTX) Right Now?
The 36-month beta value for AMTX is also noteworthy at 1.06. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for AMTX is 38.20M, and at present, short sellers hold a 12.14% of that float. The average trading volume of AMTX on April 10, 2024 was 1.25M shares.
AMTX’s Market Performance
AMTX stock saw an increase of -10.79% in the past week, with a monthly gain of 45.24% and a quarterly increase of 6.67%. The volatility ratio for the week is 7.88%, and the volatility levels for the last 30 days are 12.81% for Aemetis Inc (AMTX). The simple moving average for the past 20 days is 6.58% for AMTX’s stock, with a -1.51% simple moving average for the past 200 days.
Analysts’ Opinion of AMTX
Many brokerage firms have already submitted their reports for AMTX stocks, with UBS repeating the rating for AMTX by listing it as a “Buy.” The predicted price for AMTX in the upcoming period, according to UBS is $10.50 based on the research report published on August 16, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see AMTX reach a price target of $3. The rating they have provided for AMTX stocks is “Underweight” according to the report published on February 28th, 2023.
UBS gave a rating of “Neutral” to AMTX, setting the target price at $4.25 in the report published on December 14th of the previous year.
AMTX Trading at 23.65% from the 50-Day Moving Average
After a stumble in the market that brought AMTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.72% of loss for the given period.
Volatility was left at 12.81%, however, over the last 30 days, the volatility rate increased by 7.88%, as shares surge +52.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.63% upper at present.
During the last 5 trading sessions, AMTX fell by -10.79%, which changed the moving average for the period of 200-days by -19.74% in comparison to the 20-day moving average, which settled at $4.66. In addition, Aemetis Inc saw -6.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMTX starting from Boness Naomi Louise, who sale 15,000 shares at the price of $5.65 back on Sep 12 ’23. After this action, Boness Naomi Louise now owns 16,441 shares of Aemetis Inc, valued at $84,694 using the latest closing price.
BLOCK JOHN R, the Director of Aemetis Inc, sale 19,205 shares at $6.30 during a trade that took place back on Jun 16 ’23, which means that BLOCK JOHN R is holding 27,169 shares at $121,013 based on the most recent closing price.
Stock Fundamentals for AMTX
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.01 for the gross margin
The net margin for Aemetis Inc stands at -0.25. The total capital return value is set at -0.24.
Based on Aemetis Inc (AMTX), the company’s capital structure generated -0.24 points at debt to capital in total, while cash flow to debt ratio is standing at -0.64. The debt to equity ratio resting at -0.19. The interest coverage ratio of the stock is -0.62.
Currently, EBITDA for the company is -30.4 million with net debt to EBITDA at -1.01. When we switch over and look at the enterprise to sales, we see a ratio of 1.24. The receivables turnover for the company is 21.63for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.43.
Conclusion
In summary, Aemetis Inc (AMTX) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
