Aemetis Inc. (NASDAQ: AMTX) stock jumped 24.75% on Friday to $10.18 against a previous-day closing price of $8.16. With 2.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $10.54 whereas the lowest price it dropped to was $8.13. The 52-week range on AMTX shows that it touched its highest point at $23.33 and its lowest point at $4.45 during that stretch. It currently has a 1-year price target of $23.00. Beta for the stock currently stands at 0.61.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMTX was up-trending over the past week, with a rise of 38.50%, but this was up by 102.39% over a month. Three-month performance surged to 5.38% while six-month performance rose 18.79%. The stock gained 19.34% in the past year, while it has lost -17.24% so far this year. A look at the trailing 12-month EPS for AMTX yields -1.46 with Next year EPS estimates of -0.36. For the next quarter, that number is -0.28. This implies an EPS growth rate of 11.90% for this year and 73.70% for next year.
Float and Shares Shorts:
At present, 33.71 million AMTX shares are outstanding with a float of 32.33 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.77 million, which was 16.68% higher than short shares on Jun 14, 2022. In addition to Mr. Eric A. McAfee as the firm’s Co-Founder, Exec. Chairman & CEO, Mr. Todd A. Waltz serves as its Exec. VP, CFO & Sec.
Through their ownership of 65.88% of AMTX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 32.46% of AMTX, in contrast to 23.11% held by mutual funds. Shares owned by individuals account for 17.20%. As the largest shareholder in AMTX with 6.63% of the stake, BlackRock Fund Advisors holds 2,293,581 shares worth 2,293,581. A second-largest stockholder of AMTX, AllianceBernstein LP, holds 2,149,413 shares, controlling over 6.22% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in AMTX, holding 1,998,092 shares or 5.78% stake. With a 3.60% stake in AMTX, the GMO Resources Fund is the largest stakeholder. A total of 1,245,717 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.63% of AMTX stock, is the second-largest Mutual Fund holder. It holds 909,905 shares valued at 4.47 million. iShares II Plc – Global Clean Ene holds 2.45% of the stake in AMTX, owning 848,414 shares worth 4.17 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMTX since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMTX analysts setting a high price target of $33.00 and a low target of $7.00, the average target price over the next 12 months is $23.00. Based on these targets, AMTX could surge 224.17% to reach the target high and fall by -31.24% to reach the target low. Reaching the average price target will result in a growth of 125.93% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AMTX will report FY 2022 earnings on 03/16/2023. Analysts have provided yearly estimates in a range of -$0.77 being high and -$1.55 being low. For AMTX, this leads to a yearly average estimate of -$1.27. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Aemetis Inc. surprised analysts by $0.28 when it reported -$0.01 EPS against a consensus estimate of -$0.29. The surprise factor in the prior quarter was -$0.23. Based on analyst estimates, the high estimate for the next quarter is -$0.21 and the low estimate is -$0.46. The average estimate for the next quarter is thus -$0.30.
Summary of Insider Activity:
Insiders traded AMTX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 675,373 while 347,235 shares were sold.