Aemetis (NASDAQ:AMTX) Stock Passes Below 200 Day Moving Average of $4.33

Shares of Aemetis, Inc. (NASDAQ:AMTX) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.33 and traded as low as $3.60. Aemetis shares last traded at $3.63, with a volume of 716,903 shares.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Aemetis from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Truist Financial cut their target price on shares of Aemetis from $5.00 to $3.50 and set a “hold” rating for the company in a research note on Tuesday, January 23rd.

Aemetis Stock Performance

The company has a market cap of $154.46 million, a price-to-earnings ratio of -2.75 and a beta of 1.00. The business’s 50 day moving average price is $4.10 and its 200-day moving average price is $4.33.

Aemetis (NASDAQ:AMTX) last announced its quarterly earnings data on Thursday, March 7th. The specialty chemicals company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.01. The business had revenue of $70.76 million during the quarter, compared to analyst estimates of $80.08 million. During the same quarter in the prior year, the company posted ($0.63) EPS. On average, equities research analysts expect that Aemetis, Inc. will post -1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aemetis

A number of hedge funds have recently made changes to their positions in the business. Stifel Financial Corp grew its holdings in shares of Aemetis by 58.0% in the 3rd quarter. Stifel Financial Corp now owns 691,445 shares of the specialty chemicals company’s stock worth $2,870,000 after purchasing an additional 253,745 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Aemetis by 10,391.3% in the 3rd quarter. Citigroup Inc. now owns 75,013 shares of the specialty chemicals company’s stock worth $311,000 after purchasing an additional 74,298 shares during the last quarter. Sonora Investment Management Group LLC bought a new stake in shares of Aemetis in the 3rd quarter worth about $166,000. Finally, Barclays PLC bought a new stake in shares of Aemetis in the 3rd quarter worth about $150,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

Aemetis Company Profile

Aemetis, Inc operates as a renewable natural gas and renewable fuels company. It operates through three segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the operation, acquisition, development, and commercialization of technologies to produce low and negative carbon intensity renewable fuels that replace fossil-based products.