Aemetis (NASDAQ:AMTX) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Aemetis, Inc (NASDAQ:AMTX)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.97 and traded as low as $1.41. Aemetis shares last traded at $1.42, with a volume of 481,297 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMTX shares. Ascendiant Capital Markets cut their price objective on Aemetis from $21.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aemetis in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Aemetis currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Aemetis Stock Performance

The firm has a market capitalization of $94.00 million, a price-to-earnings ratio of -0.88 and a beta of 2.66. The business has a fifty day moving average of $1.52 and a two-hundred day moving average of $1.97.

Institutional Trading of Aemetis

Hedge funds have recently modified their holdings of the stock. Catalyst Funds Management Pty Ltd acquired a new position in Aemetis in the 2nd quarter valued at about $25,000. Creative Planning bought a new stake in shares of Aemetis during the second quarter worth approximately $30,000. Engineers Gate Manager LP acquired a new position in shares of Aemetis in the second quarter valued at approximately $42,000. Centiva Capital LP bought a new position in shares of Aemetis during the third quarter worth approximately $39,000. Finally, Ethic Inc. acquired a new stake in Aemetis during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

Aemetis Company Profile

Aemetis, Inc, headquartered in Cupertino, California, is a renewable fuels and renewable natural gas producer dedicated to decarbonizing the transportation sector. The company operates two primary business segments: Aemetis Advanced Fuels, which manufactures ethanol, biodiesel and sustainable aviation fuel using patented carbon capture and separation technology; and Aemetis RNG, which develops dairy-based renewable natural gas projects in California for pipeline injection and transportation use.

Since its incorporation in 2006, Aemetis has expanded its production footprint through organic growth and strategic acquisitions.