Aemetis, Inc. (NASDAQ:AMTX - Get Free Report) Director John R. Block sold 51,580 shares of the firm's stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $3.49, for a total value of $180,014.20. Following the completion of the transaction, the director now owns 14,001 shares in the company, valued at approximately $48,863.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Aemetis Trading Up 4.9 %
AMTX stock traded up $0.17 during mid-day trading on Friday, hitting $3.62. 371,216 shares of the company were exchanged, compared to its average volume of 523,858. Aemetis, Inc. has a 12-month low of $2.75 and a 12-month high of $8.99. The business has a fifty day simple moving average of $4.33 and a 200-day simple moving average of $4.21.
Aemetis (NASDAQ:AMTX - Get Free Report) last announced its earnings results on Thursday, March 7th. The specialty chemicals company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.01. The firm had revenue of $70.76 million during the quarter, compared to analysts' expectations of $80.08 million. During the same period in the previous year, the firm earned ($0.63) EPS. On average, analysts predict that Aemetis, Inc. will post -1.62 EPS for the current year.
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A number of equities research analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Aemetis from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Wednesday, February 21st. StockNews.com raised shares of Aemetis to a "sell" rating in a research note on Monday, May 13th. HC Wainwright restated a "buy" rating and issued a $28.00 price target on shares of Aemetis in a research report on Friday, May 10th. Finally, Truist Financial reiterated a "hold" rating and set a $4.00 price objective (up previously from $3.50) on shares of Aemetis in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $10.40.
Get Our Latest Stock Analysis on Aemetis
Institutional Investors Weigh In On Aemetis
A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Aemetis in the first quarter valued at $60,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Aemetis in the 1st quarter valued at about $84,000. Barclays PLC acquired a new stake in shares of Aemetis in the 3rd quarter valued at about $150,000. Citigroup Inc. increased its position in Aemetis by 10,391.3% during the third quarter. Citigroup Inc. now owns 75,013 shares of the specialty chemicals company's stock worth $311,000 after buying an additional 74,298 shares during the period. Finally, Stifel Financial Corp lifted its stake in Aemetis by 58.0% in the third quarter. Stifel Financial Corp now owns 691,445 shares of the specialty chemicals company's stock valued at $2,870,000 after buying an additional 253,745 shares during the last quarter. Institutional investors and hedge funds own 27.02% of the company's stock.
About Aemetis
Aemetis, Inc operates as a renewable natural gas and renewable fuels company. It operates through three segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the operation, acquisition, development, and commercialization of technologies to produce low and negative carbon intensity renewable fuels that replace fossil-based products.
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