There is no way Amyris Inc. (AMRS) can keep these numbers up

Amyris Inc. (NASDAQ: AMRS) stock fell -8.42% on Thursday to $0.66 against a previous-day closing price of $0.72. With 1.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.88 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $0.7466 whereas the lowest price it dropped to was $0.6452. The 52-week range on AMRS shows that it touched its highest point at $4.86 and its lowest point at $0.55 during that stretch. It currently has a 1-year price target of $1.68. Beta for the stock currently stands at 1.20.

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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 AMRS was up-trending over the past week, with a rise of 13.13%, but this was down by -13.26% over a month. Three-month performance dropped to -47.83% while six-month performance fell -65.67%. The stock lost -69.61% in the past year, while it has lost -56.69% so far this year. A look at the trailing 12-month EPS for AMRS yields -1.83 with Next year EPS estimates of -0.48. For the next quarter, that number is 0.30. This implies an EPS growth rate of -78.30% for this year and 14.30% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.40%.

Float and Shares Shorts:

At present, 365.60 million AMRS shares are outstanding with a float of 233.91 million shares on hand for trading. On Apr 27, 2023, short shares totaled 55.33 million, which was 15.09% higher than short shares on Mar 30, 2023. In addition to Mr. John G. Melo as the firm’s Pres, CEO & Director, Mr. Hermanus Kieftenbeld serves as its CFO & Chief Admin. Officer.

Institutional Ownership:

Through their ownership of 35.35% of AMRS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 43.98% of AMRS, in contrast to 15.11% held by mutual funds. Shares owned by individuals account for 13.52%. As the largest shareholder in AMRS with 6.20% of the stake, The Vanguard Group, Inc. holds 22,721,258 shares worth 22,721,258. A second-largest stockholder of AMRS, BlackRock Fund Advisors, holds 12,957,604 shares, controlling over 3.54% of the firm’s shares. Michigan Department of Treasury is the third largest shareholder in AMRS, holding 7,645,000 shares or 2.09% stake. With a 1.95% stake in AMRS, the Edmond de Rothschild Fund – Big D is the largest stakeholder. A total of 7,129,700 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.91% of AMRS stock, is the second-largest Mutual Fund holder. It holds 6,996,944 shares valued at 5.72 million. Vanguard Small Cap Index Fund holds 1.81% of the stake in AMRS, owning 6,639,693 shares worth 5.43 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AMRS reported revenue of $65.21M and operating income of -$143.42M. The EBITDA in the recently reported quarter was -$101.86M and diluted EPS was -$0.44.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMRS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMRS analysts setting a high price target of $5.00 and a low target of $0.65, the average target price over the next 12 months is $1.68. Based on these targets, AMRS could surge 657.58% to reach the target high and fall by -1.52% to reach the target low. Reaching the average price target will result in a growth of 154.55% 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.

Summary of Insider Activity:

Insiders traded AMRS stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 492,000 shares were bought while 231,368 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 14,807,291 while 1,706,048 shares were sold.

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