Aemetis, Inc. (NASDAQ:AMTX) shares rose 4.3% during mid-day trading on Thursday . The company traded as high as $25.88 and last traded at $25.77. Approximately 7,246 shares traded hands during trading, a decline of 100% from the average daily volume of 4,508,943 shares. The stock had previously closed at $24.70.
Several brokerages have commented on AMTX. Truist Securities started coverage on Aemetis in a research note on Thursday, March 25th. They issued a “buy” rating and a $35.00 target price for the company. Credit Suisse Group initiated coverage on shares of Aemetis in a research report on Monday, March 29th. They issued an “outperform” rating and a $35.00 price objective for the company. Stifel Nicolaus started coverage on shares of Aemetis in a report on Monday, March 15th. They set a “buy” rating and a $25.00 target price on the stock. HC Wainwright increased their target price on shares of Aemetis from $15.00 to $28.00 in a research note on Monday, March 15th. Finally, Truist Financial started coverage on shares of Aemetis in a report on Friday, March 19th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.60.
The firm has a market capitalization of $709.99 million, a PE ratio of -18.61 and a beta of 0.09. The business’s 50 day moving average is $17.30 and its two-hundred day moving average is $7.12.
Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC raised its holdings in shares of Aemetis by 389.3% during the 4th quarter. Virtu Financial LLC now owns 130,116 shares of the specialty chemicals company’s stock valued at $324,000 after buying an additional 103,522 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Aemetis during the 4th quarter valued at about $197,000. Renaissance Technologies LLC raised its holdings in shares of Aemetis by 57.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,731,349 shares of the specialty chemicals company’s stock valued at $4,311,000 after buying an additional 629,721 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new position in shares of Aemetis during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 12.89% of the company’s stock.
About Aemetis (NASDAQ:AMTX)
Aemetis, Inc operates as a renewable fuels and bio-chemicals company in North America and India. The company focuses on the acquisition, development, and commercialization of various technologies that replace traditional petroleum-based products primarily through the conversion of ethanol and biodiesel plants into advanced bio refineries.
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