Aemetis (NASDAQ:AMTX) Issues Earnings Results

Aemetis (NASDAQ:AMTX) announced its quarterly earnings data on Thursday. The specialty chemicals company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.20, FiscalAI reports. The business had revenue of $43.31 million during the quarter, compared to analysts’ expectations of $72.07 million.

Aemetis Price Performance

Aemetis stock opened at $1.54 on Thursday. The company has a market cap of $101.95 million, a price-to-earnings ratio of -0.96 and a beta of 2.61. Aemetis has a 12 month low of $1.22 and a 12 month high of $3.66. The stock’s 50-day moving average is $1.53 and its 200-day moving average is $1.91.

Analyst Ratings Changes

A number of brokerages have issued reports on AMTX. Ascendiant Capital Markets cut their target price on shares of Aemetis from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aemetis in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Hedge Funds Weigh In On Aemetis

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning acquired a new stake in shares of Aemetis during the second quarter worth $30,000. Virtu Financial LLC bought a new stake in shares of Aemetis during the 4th quarter valued at about $31,000. HRT Financial LP bought a new stake in shares of Aemetis during the 4th quarter valued at about $36,000. Centiva Capital LP acquired a new stake in Aemetis during the third quarter worth about $39,000. Finally, Engineers Gate Manager LP bought a new position in Aemetis in the second quarter worth about $42,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

Aemetis Company Profile

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.