Aemetis Target of Unusually High Options Trading (NASDAQ:AMTX)

Aemetis, Inc (NASDAQ:AMTX) was the target of unusually large options trading activity on Tuesday. Traders acquired 5,962 call options on the stock. This is an increase of 556% compared to the average daily volume of 909 call options.

Aemetis Trading Up 14.4%

Aemetis stock opened at $1.83 on Thursday. The firm has a market cap of $121.15 million, a P/E ratio of -1.14 and a beta of 2.31. Aemetis has a 1-year low of $1.22 and a 1-year high of $3.66. The firm has a 50-day moving average of $1.53 and a 200-day moving average of $2.17.

Aemetis (NASDAQ:AMTX) last released its quarterly earnings results on Friday, November 7th. The specialty chemicals company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.12). The business had revenue of $59.19 million during the quarter, compared to analyst estimates of $87.79 million. Research analysts forecast that Aemetis will post -2.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aemetis in a report on Wednesday, January 21st. Ascendiant Capital Markets reduced 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 research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Aemetis currently has an average rating of “Moderate Buy” and an average price target of $17.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Aemetis by 15.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,479,163 shares of the specialty chemicals company’s stock worth $5,578,000 after purchasing an additional 329,760 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Aemetis during the 2nd quarter valued at about $634,000. CIBC Bancorp USA Inc. purchased a new position in shares of Aemetis during the third quarter valued at about $563,000. Hamilton Capital Partners LLC bought a new position in Aemetis in the fourth quarter worth about $279,000. Finally, Qube Research & Technologies Ltd bought a new position in Aemetis in the second quarter worth about $246,000. 27.02% of the stock is owned by hedge funds and other institutional investors.

About Aemetis

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.