Aemetis (NASDAQ:AMTX - Free Report) had its price target upped by Ascendiant Capital Markets from $18.00 to $19.00 in a research note issued to investors on Monday,Benzinga reports. Ascendiant Capital Markets currently has a buy rating on the specialty chemicals company's stock.
Other research analysts have also recently issued reports about the company. StockNews.com raised Aemetis to a "sell" rating in a research report on Wednesday, February 5th. HC Wainwright reissued a "buy" rating and issued a $28.00 price objective on shares of Aemetis in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Aemetis has an average rating of "Hold" and a consensus price target of $14.56.
View Our Latest Research Report on Aemetis
Aemetis Stock Performance
Shares of AMTX traded up $0.02 during trading hours on Monday, hitting $2.01. The company had a trading volume of 651,288 shares, compared to its average volume of 866,163. The stock has a market capitalization of $102.82 million, a price-to-earnings ratio of -0.89 and a beta of 1.48. The firm has a fifty day moving average price of $2.11 and a 200-day moving average price of $2.66. Aemetis has a 52-week low of $1.50 and a 52-week high of $7.03.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of AMTX. ProShare Advisors LLC acquired a new position in shares of Aemetis during the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC lifted its holdings in shares of Aemetis by 128.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,407 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 5,859 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Aemetis during the fourth quarter worth $28,000. Clear Harbor Asset Management LLC purchased a new position in Aemetis during the 4th quarter valued at about $44,000. Finally, Intech Investment Management LLC purchased a new position in shares of Aemetis in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 27.02% of the company's stock.
Aemetis Company Profile
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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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