Aemetis Sees Unusually High Options Volume (NASDAQ:AMTX)

Aemetis, Inc (NASDAQ:AMTX) saw unusually large options trading activity on Tuesday. Traders purchased 5,962 call options on the company. This represents an increase of approximately 556% compared to the average daily volume of 909 call options.

Aemetis Price Performance

Shares of AMTX stock traded up $0.08 on Tuesday, hitting $1.53. 409,950 shares of the company’s stock were exchanged, compared to its average volume of 754,375. The company has a 50 day moving average of $1.53 and a 200 day moving average of $2.19. The stock has a market cap of $100.96 million, a P/E ratio of -0.94 and a beta of 2.31. Aemetis has a 12 month low of $1.22 and a 12 month high of $3.66.

Aemetis (NASDAQ:AMTX) last issued its earnings results on Friday, November 7th. The specialty chemicals company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.12). The business had revenue of $59.19 million during the quarter, compared to analysts’ expectations of $87.79 million. Sell-side analysts predict that Aemetis will post -2.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AMTX. Weiss Ratings restated a “sell (e+)” rating on shares of Aemetis in a research note on Wednesday, January 21st. Ascendiant Capital Markets decreased their price target on Aemetis from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Institutional Trading of Aemetis

A number of hedge funds and other institutional investors have recently modified their holdings of AMTX. Catalyst Funds Management Pty Ltd acquired a new position in Aemetis during the 2nd quarter worth about $25,000. R Squared Ltd bought a new position in shares of Aemetis during the second quarter worth about $30,000. Creative Planning acquired a new position in shares of Aemetis in the second quarter worth approximately $30,000. Engineers Gate Manager LP bought a new stake in Aemetis in the second quarter valued at approximately $42,000. Finally, Centiva Capital LP acquired a new stake in Aemetis during the 3rd quarter valued at approximately $39,000. Institutional investors own 27.02% of the company’s stock.

Aemetis Company Profile

Aemetis, Inc, headquartered in Cupertino, California, is a renewable fuels and renewable natural gas producer dedicated to decarbonizing the transportation sector. The company operates two primary 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 in California for pipeline injection and transportation use.

Since its incorporation in 2006, Aemetis has expanded its production footprint through organic growth and strategic acquisitions.