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Investing in Aemetis Inc (AMTX) Is Getting More Attractive

Aemetis Inc’s filing revealed that its Director BLOCK JOHN R unloaded Company’s shares for reported $0.18 million on May 23 ’24. In the deal valued at $3.49 per share,51,580 shares were sold. As a result of this transaction, BLOCK JOHN R now holds 14,001 shares worth roughly $48443.46.

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Then, Boness Naomi Louise sold 15,000 shares, generating $84,694 in total proceeds. Upon selling the shares at $5.65, the Director now owns 16,441 shares.

UBS upgraded its Aemetis Inc [AMTX] rating to a Buy from a a Neutral in a research note published on August 16, 2023; the price target was increased to $10.50 from $2.50. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late February with a ‘”an Underweight”‘ rating. UBS began covering AMTX with “Neutral” recommendation on December 14, 2022. Truist revised its rating on August 09, 2022. It rated AMTX as “a Hold” which previously was an “a Buy”.

Price Performance Review of AMTX

On Tuesday, Aemetis Inc [NASDAQ:AMTX] saw its stock jump 2.67% to $3.46. Over the last five days, the stock has gained 20.98%. Aemetis Inc shares have fallen nearly -33.97% since the year began. Nevertheless, the stocks have fallen -54.35% over the past one year. While a 52-week high of $8.99 was reached on 03/22/24, a 52-week low of $2.75 was recorded on 03/19/24. SMA at 50 days reached $3.49, while 200 days put it at $4.09. A total of 0.48 million shares were traded, compared to the trading of 0.57 million shares in the previous session.

Levels Of Support And Resistance For AMTX Stock

The 24-hour chart illustrates a support level at 3.26, which if violated will result in even more drops to 3.07. On the upside, there is a resistance level at 3.59. A further resistance level may holdings at 3.73. The Relative Strength Index (RSI) on the 14-day chart is 60.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.72%. Stochastics%K at 91.73% indicates the stock is a selling.

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