As of Thursday close, Amyris Inc.’s (NASDAQ:AMRS) stock was down -$0.02, moving down -19.50 percent to $0.06. The average number of shares traded per day over the past five days has been 189,549,672 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0019 fall in that time frame. In the last twenty days, the average volume was 64,059,281, while in the previous 50 days, it was 27,791,420.
Since last month, AMRS stock retreated -93.60%. Shares of the company fell to $0.0600 on 08/17/23, the lowest level in the past month. A 52-week high of $4.86 was reached on 02/02/23 after having rallying from a 52-week low of $0.06. Since the beginning of this year, AMRS’s stock price has dropped by -95.82% or -$1.4660, and marked a new high 3 times. However, the stock has declined by -98.68% since its 52-week high.
AMRS stock investors should be aware that Amyris Inc. (AMRS) stock had its last reported insider trading activity 77 days ago on Jun 02. Kieftenbeld Hermanus, the CHIEF FINANCIAL OFFICER of the company, disposed of 20,999 shares for $0.95 on Jun 02. It resulted in a $19,949 divestment by the insider. ALVAREZ EDUARDO sold 231,368 shares at an average price of $1.23 on Apr 05. The insider now owns 612,546 shares following the transaction. On Sep 21, Director Kung Frank sold 200,000 shares at $3.50 apiece. The transaction was valued at $700,000.
Financial Health
In the three months ended March 30, Amyris Inc.’s quick ratio stood at 0.30, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 3.40% percent. Based on annual data, AMRS earned $11.18 million in gross profit and brought in $269.85 million in revenue.
In Amyris Inc.’s quarter-end financial report for March 30, it reported total debt of $675.86 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMRS’s revenue fell -2.91% to $75.8 million during the quarter, while net income inched up to $56.08 million. While analysts expected Amyris Inc. to report -$0.32 quarterly earnings, the actual figure was -$0.33 per share, beating the consensus estimate by -3.10%. During the quarter, the company generated -$72.37 million in EBITDA. The liabilities of Amyris Inc. were 1.35 billion at the end of its most recent quarter ended March 30, and its total debt was $1.03 billion. The value of shareholders’ equity is $369.39 million.
Technical Picture
This quick technical analysis looks at Amyris Inc.’s (AMRS) price momentum. With a historical volatility rate of 885.37%, the RSI 9-day stood at 15.36% on 17 August.
With respect to its five-day moving average, the current Amyris Inc. price is down by -2.88% percent or -$0.0019. At present, AMRS shares trade -93.36% below its 20-day simple moving average and -95.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately -93.19% below its SMA50 and -97.83% below its SMA200.
Stochastic coefficient K was 2.29% and Stochastic coefficient D was 3.79%, while ATR was 0.0941. Given the Stochastic reading of 0.46% for the 14-day period, the RSI (14) reading has been calculated as 20.72%. As of today, the MACD Oscillator reading stands at -0.1347, while the 14-day reading stands at -0.3473.
Analyst Ratings
Amyris Inc. downgraded its rating on Amyris Inc. (NASDAQ: AMRS) to a Hold in a note to investors on May 18, 2023. The analysts firm previously had a Buy rating on the stock.Amyris Inc. (AMRS) has been rated Buy by analysts. According to 0 brokerage firms, AMRS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Amyris Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $1.50, the current consensus forecast for the stock is $1.50 – $1.50. Based on these forecasts, analysts predict Amyris Inc. (AMRS) will achieve an average price target of $1.50.
