Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Aemetis Inc. shares valued at $668,445 were sold by BLOCK JOHN R on Mar 14. At $12.12 per share, BLOCK JOHN R sold 55,165 shares. The insider’s holdings dropped to 34,462 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Simon Timothy Alan purchased 1,000 shares, netting a total of over 12,210 in proceeds. Following the buying of shares at $12.21 each, the insider now holds 6,000 shares.
Before that, FOSTER ANDREW B had sold 9,533 shares from its account. In a trade valued at $220,117, the Executive Vice President traded Aemetis Inc. shares for $23.09 each. Upon closing the transaction, the insider’s holdings decreased to 9,533 shares, worth approximately $0.0.
Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of March 22, 2021, Credit Suisse has initiated its “an Outperform” rating for AMTX. Earlier on March 19, 2021, Truist initiated its rating. Their recommendation was “a Buy” for AMTX stock.
Analyzing AMTX’s Price Performance
On Thursday, Aemetis Inc. [NASDAQ: AMTX] rose 3.55% to $8.16. The stock’s lowest price that day was $7.50, but it reached a high of $8.369 in the same session. During the last five days, there has been a surge of approximately 27.70%. Over the course of the year, Aemetis Inc. shares have dropped approximately -33.66%. Shares of the company reached a 52-week high of $16.06 on 03/10/22 and a 52-week low of $4.45 on 07/05/22. A 50-day SMA is recorded $6.37, while a 200-day SMA reached $11.32. Nevertheless, trading volume fell to 1.18 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Aemetis Inc. (AMTX)
According to the 24-hour chart, there is a support level at 7.65, which, if violated, would cause prices to drop to 7.14. In the upper region, resistance lies at 8.52. The next price resistance is at 8.88. RSI (Relative Strength Index) is 70.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.63, which suggests the price will increase in the coming days. Percent R is at 6.61%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Aemetis Inc. subject to short interest?
Stocks of Aemetis Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by 70000.0 shares to 5.77 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.84 million shares. A decline of -1.21% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.54 of the overall float, the days-to-cover ratio (short ratio) decline to 6.54.
Which companies own the most shares of Aemetis Inc. (AMTX)?
According to BlackRock Fund Advisors filings, the company currently owns 2,293,581 shares, which is about 6.63% of the total AMTX shares outstanding. The investor’s shares have plunged by -9,154 from its previous 13-F filing of 2302735.0 shares. With the completion of the buy transaction, AllianceBernstein LP’s stake is now worth $10,553,618. SSgA Funds Management, Inc. acquire a 9.60% interest valued at $9.81 million while Grantham, Mayo, Van Otterloo & Co purchased a 716,514 stake. A total of 65,930 shares of Aemetis Inc. were bought by Encompass Capital Advisors LLC during the quarter, and 71,661 were bought by The Vanguard Group, Inc. In its current portfolio, BlackRock Advisors holds 634,145 shares valued at $3.11 million.
In terms of Aemetis Inc. share price expectations, FactSet research, analysts set an average price target of $23.00 in the next 12 months, up nearly 223.6% from the previous closing price of $7.88. Analysts anticipate Aemetis Inc. stock to reach $33.00 by 2022, with the lowest price target being $7.00. In spite of this, 6 analysts ranked Aemetis Inc. stock as a Buy at the end of 2022. On March 09, 2021, Stifel assigned a price target of “a Buy” to the stock and initiated coverage with a $25.