Aemetis (AMTX) stock has been experiencing a bearish trend since last week with a 10.37% price decline. In the most recent trading session, AMTX stock also showed a bearish trend. Along with AMTX stock price, some other similar stocks also showed over 10% weekly price drop.
As the above chart shows, Albemarle Corp. (NYSE: ALB), 5E Advanced Materials Inc. (NASDAQ: FEAM), Shineco Inc. (NASDAQ: SISI), and OrganiGram Holdings Inc. (NASDAQ: OGI) showed more than 10% weekly bearish trend.
AMTX Stock Price Analysis
Aemetis (AMTX) stock price showed a 2.13% price decline on July 25, 2023, Tuesday, while traded in between the price range of $7.30 to $7.62. The opening price of the stock was $7.50 whereas the stock closed at $7.35, as per the data sourced from TradingView, a web-based social network for traders.
Notably, the bearish trend of AMTX stock is taking its price near its 20-day moving average. With the current bearish trend, the RSI of the stock is also following the bearish trend.
However, it is indicating a bullish trend in its all-time price performance with over 200% price rise. The year-to-date (YTD) price further showed 85.14% of growth in AMTX share price.
The analysts have set their 1-year price target at $13.80 which is up over 87% from the last closing price of AMTX stock. Additionally, they have set their maximum estimate at $28.00 whereas the minimum estimate is $3.00. In the past 3 months, analysts also gave a “buy” rating to Aemetis Inc.
The Financials of Aemetis
Aemetis Inc. (NASDAQ: AMTX), an international renewable natural gas and renewable fuels company, has a market cap of nearly $268.66 Million. Earlier in May 2023, the company released its Q1 2023 report, stating its net income of negative $26.41 Million.
The company’s earnings per share (EPS) for Q1 2023 is negative $0.73 whereas the estimation was negative $0.42. The revenue for the same period amounts to $2.15 Million despite the estimated figure of $59.52 Million.
For the upcoming Q2 2023 report, the estimated EPS is negative $0.33 while the revenue is expected to reach $51.40 Million. Last year, the revenue of Aemetis Inc. reached $256.51 Million and nearly $228.19 Million came from its highest-performing source at the moment, California Ethanol.
