Aemetis, Inc. (NASDAQ:AMTX) experienced a significant decline in its stock price, falling below its two hundred-day moving average during trading on Thursday. The company’s two hundred-day moving average stands at $2.02, while shares were traded as low as $1.47. The stock closed at $1.50, with a trading volume of 469,244 shares.
Analyst ratings have recently shifted regarding Aemetis. On January 21, 2024, Weiss Ratings reaffirmed a “sell (e+)” rating, indicating caution among investors. Conversely, Ascendiant Capital Markets adjusted their target price for Aemetis from $21.00 to $20.00, maintaining a “buy” rating. Currently, three investment analysts have rated the stock as a Buy, while one has issued a Sell rating. According to data from MarketBeat.com, Aemetis holds a consensus rating of “Moderate Buy” alongside an average target price of $17.00.
Institutional Investors Adjust Positions
Institutional investors are also making notable changes to their holdings in Aemetis. Vanguard Personalized Indexing Management LLC increased its stake in the company by 48.7% during the second quarter, now owning 19,611 shares valued at approximately $49,000 after acquiring an additional 6,420 shares. Ethic Inc. entered a new stake in Aemetis worth around $42,000, while R Squared Ltd also made a new investment valued at about $30,000 during the same quarter.
Additionally, Graham Capital Management L.P. and Caitong International Asset Management Co. Ltd. each purchased new positions in Aemetis during the fourth quarter, valued at approximately $45,000 and $49,000, respectively. Overall, hedge funds and institutional investors collectively own 27.02% of Aemetis’s stock.
Aemetis Overview and Future Prospects
Headquartered in Cupertino, California, Aemetis, Inc. is a producer of renewable fuels and renewable natural gas, focusing on decarbonizing the transportation sector. The company operates primarily through two business segments: Aemetis Advanced Fuels, which manufactures ethanol, biodiesel, and sustainable aviation fuel using patented carbon capture and separation technology; and Aemetis RNG, which develops dairy-based renewable natural gas projects for pipeline injection and transportation use.
Since its inception in 2006, Aemetis has expanded its production capabilities through both organic growth and strategic acquisitions. As market conditions evolve, investors will be closely monitoring Aemetis’s performance and the implications of recent stock movements on its future outlook.
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