The stock of Amyris Inc. (NASDAQ:AMRS) decreased by -$0.04 on Monday to finish at $0.10, down -28.34 percent. The last five days have seen an average of 215,928,859 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$1.4319. The average number of shares traded over the last 20 days was 58,265,184, while the average volume over the last 50 days totaled 25,498,977.
AMRS stock dropped -90.29% since last month. On 08/10/23, the company’s shares reached a one-month low of $0.0600. The stock touched a high of $4.86 on 02/02/23, after rallying from a low of $0.06 in 52 weeks. The price of AMRS stock has declined by -93.59% or -$1.4319 this year, reaching a new high 3 times. Still, the stock price is down -97.98% from the 52-week high.
Insider Transactions
AMRS stock investors should be aware that Amyris Inc. (AMRS) stock had its last reported insider trading activity 74 days ago on Jun 02. On Jun 02, CHIEF FINANCIAL OFFICER Kieftenbeld Hermanus sold 20,999 shares at $0.95 each. This transaction resulted in the insider making $19,949. On Apr 05, ALVAREZ EDUARDO sold 231,368 shares at a price of US$1.23. After the transaction, the insider now owns 612,546 shares. Director Kung Frank had earlier sold 200,000 shares on Sep 21 for $3.50 a share. The transaction was completed for $700,000.
Financial Health
For the three months ended March 30, Amyris Inc.’s quick ratio was 0.30, while its current ratio was 0.50, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 3.40% percent. Based on annual data, it had gross profit of $11.18 million and revenue of $269.85 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMRS’s return on assets (ROA) during the last 12 months has been -80.60%. There was a -140.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 132.60%.
Earnings Surprise
According to Amyris Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $56.08 million, while revenues fell by -2.91% to $75.8 million. It was predicted that Amyris Inc.’s quarterly earnings would be -$0.33, but it ended up being -$0.32, beating the consensus by -3.10%. EBITDA was -$72.37 million for the quarter. At the end of Amyris Inc.’s most recent quarter ended March 30, its liabilities totaled 1.35 billion, while its total debt was $1.03 billion. Equity owned by shareholders amounts to $369.39 million.
Technical Picture
Here’s a quick look at Amyris Inc.’s (AMRS) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 16.25%, suggesting the stock is oversold, with a 906.41% historical volatility rate.
The stochastic %K and %D were 4.33% and 3.32% respectively, while the average true range (ATR) was 0.1242. Based on the 14-day stochastic reading of 4.32%, the RSI (14) reading is 21.48%. On the 9-day MACD Oscillator, the stock is at -0.3477, and the 14-day reading is at -0.4939.
Analyst Ratings
Amyris Inc. (NASDAQ: AMRS) was downgraded by Jefferies to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Amyris Inc. (AMRS) an Buy rating. AMRS is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is AMRS’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.50 and $1.50, with a median target price of $1.50. In analyzing these forecasts, the average price target given by analysts for Amyris Inc. (AMRS) is $1.50.
