Aemetis (NASDAQ:AMTX) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

Aemetis, Inc (NASDAQ:AMTX) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $1.67 and traded as high as $1.96. Aemetis shares last traded at $1.73, with a volume of 16,538,026 shares.

Aemetis News Summary

Here are the key news stories impacting Aemetis this week:

• Positive Sentiment: Q3 revenue rose 49% year over year to $88.2 million. Aemetis reported $5.2 million in net income, $20.9 million in operating income and $24.8 million in adjusted EBITDA. The company’s reported loss of $0.02 per share also beat the $0.20 loss analysts expected. Aemetis Q3 financial results
• Positive Sentiment: Aemetis said Section 45Z production tax credit income was $24.7 million for the quarter, including an approximately $11 million cumulative adjustment after an updated federal emissions model. A separate report says the company expects its MVR project to contribute $32 million in annual cash flow in 2027 as 45Z values reset higher, supporting its future cash-flow outlook. MVR and 45Z outlook
• Positive Sentiment: Biogas RNG sales volume increased 39% year over year to 158,200 MMBtu, and two new dairy digesters began operating in October, expanding the network to 14 digesters serving 17 dairies. Aemetis Q3 financial results
• Neutral Sentiment: Despite the earnings beat and improved outlook, AMTX is trading lower. The available reports offer no clear explanation for the share-price weakness, so investors may be weighing execution and the timing of future project cash flows against the strong quarterly results.

Analyst Ratings Changes

AMTX has been the topic of a number of recent research reports. Wall Street Zen raised shares of Aemetis from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aemetis in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.88.

Aemetis Stock Down 6.4%

The stock has a fifty day moving average of $1.66 and a 200-day moving average of $1.94. The stock has a market cap of $116.92 million, a PE ratio of -2.89 and a beta of 1.87.

Aemetis (NASDAQ:AMTX) last issued its quarterly earnings results on Thursday, November 5th. The specialty chemicals company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.18. The company had revenue of $88.15 million during the quarter, compared to analyst estimates of $74.20 million. Equities research analysts forecast that Aemetis, Inc will post -0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AMTX. Russell Investments Group Ltd. raised its stake in shares of Aemetis by 458.6% during the third quarter. Russell Investments Group Ltd. now owns 434,404 shares of the specialty chemicals company’s stock worth $773,000 after purchasing an additional 356,636 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Aemetis by 148.3% during the first quarter. Bank of America Corp DE now owns 101,486 shares of the specialty chemicals company’s stock worth $324,000 after purchasing an additional 60,611 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Aemetis during the second quarter worth $283,000. Renaissance Technologies LLC purchased a new position in Aemetis in the 1st quarter valued at $272,000. Finally, State of Wyoming purchased a new position in Aemetis in the 3rd quarter valued at $226,000. 27.02% of the stock is currently owned by hedge funds and other institutional investors.

Aemetis Company Profile

Aemetis, Inc is a renewable fuels and carbon-reduction company that develops and operates projects designed to produce lower-carbon alternatives to petroleum-based fuels and reduce greenhouse-gas emissions. Its activities include renewable natural gas, ethanol, renewable diesel, and other advanced fuel technologies.

The company’s California operations include dairy-based renewable natural gas projects that capture methane from dairy waste and convert it into pipeline-quality fuel. Aemetis also operates an ethanol production facility in Keyes, California, which produces ethanol and related co-products from agricultural feedstocks.