As of Friday close, Aemetis Inc.’s (NASDAQ:AMTX) stock was down -$0.43, moving down -7.58 percent to $5.24. The average number of shares traded per day over the past five days has been 586,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.63 fall in that time frame. In the last twenty days, the average volume was 489,295, while in the previous 50 days, it was 791,930.
Since last month, AMTX stock retreated -31.95%. Shares of the company fell to $5.16 on 08/18/23, the lowest level in the past month. A 52-week high of $10.33 was reached on 07/13/23 after having rallying from a 52-week low of $1.16. Since the beginning of this year, AMTX’s stock price has risen by 32.32% or $1.28, and marked a new high 17 times. However, the stock has declined by -49.27% since its 52-week high.
AMTX stock investors should be aware that Aemetis Inc. (AMTX) stock had its last reported insider trading activity 64 days ago on Jun 16. BLOCK JOHN R, the Director of the company, disposed of 19,205 shares for $6.30 on Jun 16. It resulted in a $121,013 divestment by the insider.
Financial Health
In the three months ended June 29, Aemetis Inc.’s quick ratio stood at 0.10, while its current ratio was 0.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -0.80% percent. In the year ended June 29, EBITDA margin amounted to -11.12%, whereas operating margins totaled -46.10%. Based on annual data, AMTX earned -$5.54 million in gross profit and brought in $256.51 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -49.80%. Return on equity (ROE) for the past 12 months was 66.50%.
In Aemetis Inc.’s quarter-end financial report for June 29, it reported total debt of $163.87 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Aemetis Inc. to report -$0.39 quarterly earnings, the actual figure was -$0.68 per share, beating the consensus estimate by -74.40%. During the quarter, the company generated -$4.79 million in EBITDA. The liabilities of Aemetis Inc. were 451.52 million at the end of its most recent quarter ended June 29, and its total debt was $406.79 million. The value of shareholders’ equity is $38.85 million.
Technical Picture
This quick technical analysis looks at Aemetis Inc.’s (AMTX) price momentum. With a historical volatility rate of 50.27%, the RSI 9-day stood at 23.27% on 18 August.
With respect to its five-day moving average, the current Aemetis Inc. price is down by -23.73% percent or -$1.63. At present, AMTX shares trade -29.48% below its 20-day simple moving average and +92.65% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.23% below its SMA50 and -29.19% below its SMA200.
Stochastic coefficient K was 3.18% and Stochastic coefficient D was 7.87%, while ATR was 0.58. Given the Stochastic reading of 3.01% for the 14-day period, the RSI (14) reading has been calculated as 32.64%. As of today, the MACD Oscillator reading stands at -0.80, while the 14-day reading stands at -1.08.
Analyst Ratings
UBS upgraded its rating on Aemetis Inc. (NASDAQ: AMTX) to a Buy in a note to investors on August 16, 2023. The analysts firm previously had a Neutral rating on the stock.Aemetis Inc. (AMTX) has been rated Overweight by analysts. According to 1 brokerage firm, AMTX is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Aemetis Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $9.75, the current consensus forecast for the stock is $3.00 – $28.00. Based on these forecasts, analysts predict Aemetis Inc. (AMTX) will achieve an average price target of $13.42.
