Stock Traders Purchase Large Volume of Call Options on Aemetis (NASDAQ:AMTX)

Aemetis, Inc (NASDAQ:AMTX) saw some unusual options trading activity on Monday. Stock traders purchased 6,674 call options on the stock. This represents an increase of approximately 316% compared to the typical volume of 1,605 call options.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Aemetis in a report on Friday, July 17th. Wall Street Zen raised Aemetis from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Aemetis presently has an average rating of “Hold” and an average target price of $11.88.

Aemetis Stock Up 8.7%

NASDAQ:AMTX traded up $0.15 during trading hours on Monday, reaching $1.95. 630,572 shares of the company’s stock were exchanged, compared to its average volume of 1,253,871. Aemetis has a 1-year low of $1.30 and a 1-year high of $3.80. The firm has a market capitalization of $140.37 million, a price-to-earnings ratio of -2.14 and a beta of 1.47. The company has a 50-day moving average of $1.79 and a 200 day moving average of $2.15.

Aemetis (NASDAQ:AMTX) last posted its quarterly earnings data on Thursday, August 6th. The specialty chemicals company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.16. The business had revenue of $62.70 million during the quarter, compared to analyst estimates of $67.69 million. Research analysts forecast that Aemetis will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Aemetis

Institutional investors have recently added to or reduced their stakes in the stock. J. Derek Lewis & Associates Inc. purchased a new stake in Aemetis during the 4th quarter valued at approximately $322,000. Bank of New York Mellon Corp purchased a new position in shares of Aemetis in the 2nd quarter valued at approximately $283,000. Bank of America Corp DE increased its holdings in shares of Aemetis by 148.3% in the first quarter. Bank of America Corp DE now owns 101,486 shares of the specialty chemicals company’s stock valued at $324,000 after purchasing an additional 60,611 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Aemetis in the first quarter valued at approximately $272,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Aemetis in the fourth quarter valued at approximately $115,000. Institutional investors and hedge funds own 27.02% of the company’s stock.

About Aemetis

Aemetis, Inc is a renewable fuels and biochemicals company focused on developing and operating technologies that reduce greenhouse gas emissions. Its activities include the production of renewable natural gas, renewable fuels, and other low-carbon products derived from agricultural and organic waste.

The company’s Aemetis Biogas business develops and operates dairy-waste digesters and related infrastructure in California’s Central Valley. These systems capture methane from dairy manure and convert it into renewable natural gas for transportation and other energy applications.