Amyris, Inc. (NASDAQ:AMRS) is one of the hottest stocks trading today on the U.S. Markets as the company shares are 4.15% or 0.17 points lower from last closing price of $4.1, reaching $3.93 at last check. Any clue why there is so much of action in the AMRS stock? The share price has dropped in 2 of the last 5 days and is down -1.2% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -49,316 shares, and in total 362284 shares valued at $1.424 million were seen changing hands compared with 411600 shares valued at $1.688 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the AMRS stock is near its bottom.
Amyris, Inc. (AMRS) shares have notched a 3-month decline of about -1.2%, but has still advanced 22.75% year to date. By comparison, the stock sank -23.93% over the past 12 months, while it slipped -3.98% over the 1 month. The company’s market cap is around $291.59M, with its short interest ratio standing at 3.59%.
In the current trading session for AMRS, the stock witnessed two major price actions, it rose to a high of $4.19 and was down as much as $3.905 at one point. The high recorded is very low when compared to their 52-week high which is $1.87. The 52-week high is now at -57.67 distance from current price. Their recent low of $9.28 represents a 110.16% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for AMRS is $11, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Amyris, Inc. earned $-3.44 per share in the trailing 12 months and has a P/E ratio of -1.14. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 21.39 and lower compared to the sector’s average of 300.94. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. AMRS also has P/S multiple of 3.48. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.83x.
The company recorded an interesting insider purchase transaction by the Director on Apr 29, 2019. A Securities and Exchanges Commission filings show that Frank Kung bought a total of 913,529 AMRS shares that day for a sum of around $4,348,398. The filings show that the insider stake has now grown to 3,599 shares, currently worth $14,144. Amyris, Inc. (AMRS) insiders have acquired 11,601,288 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 85,755 shares. In total, individual insiders traded 11,687,043 shares in the business, which makes up 41.665% of 28,050,247 shares that were traded over a year. In the past 12 months, insiders have purchased 19,119,202 shares while the seller parted with 8,931,045 shares.
AMRS‘s last price was down -21.64% as compared to the average trading price of 50 days recorded at $5.02 while enlarging the period to 200 trading days, the average closing price was $4.06. At present, there are 71.12 million in the total number of common shares owned by the public and among those 43.44 million shares have been available to trade. The percentage of shares being held by the company management was 2.4% while institutions stake was 48.9%. The company has generated positive returns on equity over the last 12 months (57.2%). It managed to keep its gross profit margin at 51.6% over the past 12 months.
When assessing the full upside of the AMRS stock, there is another set of technicals that should be looked into and considered. Its 0.54% gain from moving average of $3.91 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.08 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Amyris, Inc. — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $9.5 on shares of Amyris, Inc. (NASDAQ:AMRS), which corresponds to 141.12% upside potential than its current market price of $3.93 and implies potential despite the recent drop in the price. However, their current target price has fallen from $9.5 a month ago and is down handily from the consensus target of $9.5 a quarter ago.
In the last five years, the EPS of the company has been roughly 49.8%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 30%. The revenue of the company has risen at an average annualized rate of about 14.2 over the last five years. The company recently recorded a drop of -38.4%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards AMRS stock. Gilder Gagnon Howe & Co. LLC added position in the company after it grew 106.2% or 26,210 shares of its common stock. The hedge fund now owns 54,044 shares worth $212,393, SEC documents show. Morgan Stanley cut assets in the stock as 181905.9 shares have been sold, reducing its stake by -40.5% to 108,234 shares which are currently valued at $425,360. In addition, SEI Investments Co recently reported that it now owns 72,486 shares making a total of $284,870 based on the recent price. This refelects a change of 30.1% in their ownership.