Aemetis (NASDAQ:AMTX) Stock Rating Upgraded by Wall Street Zen

Aemetis (NASDAQ:AMTX) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

AMTX has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aemetis in a research report on Friday, July 17th. Ascendiant Capital Markets boosted their target price on shares of Aemetis from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.88.

Aemetis Price Performance

Shares of NASDAQ:AMTX opened at $2.07 on Friday. The business’s 50-day moving average is $1.70 and its 200 day moving average is $2.08. Aemetis has a 1 year low of $1.30 and a 1 year high of $3.80. The firm has a market capitalization of $149.39 million, a P/E ratio of -2.27 and a beta of 1.48.

Aemetis (NASDAQ:AMTX) last released its quarterly earnings results on Thursday, August 6th. The specialty chemicals company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.16. The business had revenue of $62.70 million during the quarter, compared to analysts’ expectations of $67.69 million. On average, analysts expect that Aemetis will post -0.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMTX. Royal Bank of Canada lifted its holdings in shares of Aemetis by 10,632.5% during the first quarter. Royal Bank of Canada now owns 8,908 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 8,825 shares during the period. Creative Planning acquired a new position in Aemetis in the 2nd quarter worth approximately $30,000. Virtu Financial LLC acquired a new position in Aemetis in the 4th quarter worth approximately $31,000. Sanctuary Advisors LLC purchased a new position in Aemetis during the 1st quarter worth approximately $33,000. Finally, HRT Financial LP purchased a new position in Aemetis during the 4th quarter worth approximately $36,000. 27.02% of the stock is owned by institutional investors and hedge funds.

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.