Home
News
- 1 Aemetis (AMTX) stock is following a bearish outlook since last week.
- 2 The trading volume activity also dropped in the share price of AMTX.
- 3 Since Mid-May this year, AMTX share price started following an upside trend.
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.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
