Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amyris Inc. shares valued at $19,949 were sold by Kieftenbeld Hermanus on Jun 02. At $0.95 per share, Kieftenbeld Hermanus sold 20,999 shares. The insider’s holdings dropped to 219,768 shares worth approximately $0.29 million following the completion of this transaction.
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Also, ALVAREZ EDUARDO sold 231,368 shares, netting a total of over 284,305 in proceeds. Following the sale of shares at $1.23 each, the insider now holds 612,546 shares.
Before that, Kung Frank had sold 200,000 shares from its account. In a trade valued at $700,000, the Director traded Amyris Inc. shares for $3.50 each. Upon closing the transaction, the insider’s holdings decreased to 200,000 shares, worth approximately $0.0.
As published in a research note from Jefferies on May 18, 2023, Amyris Inc. [AMRS] has been rated down from a Buy to a Hold and the price target has been revised to $0.65 from $3.10. This represents a -100.0% premium over Thursday’s closing price.
Analyzing AMRS Stock Performance
On Thursday, Amyris Inc. [NASDAQ: AMRS] rose 11.11% to $1.30. The stock’s lowest price that day was $1.16, but it reached a high of $1.31 in the same session. During the last five days, there has been a surge of approximately 7.44%. Over the course of the year, Amyris Inc. shares have dropped approximately -15.03%. Shares of the company reached a 52-week high of $1.9200 on 02/02/23 and a 52-week low of $0.5522 on 05/16/23. A 50-day SMA is recorded $0.8938, while a 200-day SMA reached $1.7612. Nevertheless, trading volume fell to 6.41 million shares from 5.56 million shares the previous day.
Support And Resistance Levels for Amyris Inc. (AMRS)
According to the 24-hour chart, there is a support level at 1.2033, which, if violated, would cause prices to drop to 1.1067. In the upper region, resistance lies at 1.3533. The next price resistance is at 1.4067. RSI (Relative Strength Index) is 67.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.2137, which suggests the price will decrease in the coming days. Percent R is at 1.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Amyris Inc. subject to short interest?
Stocks of Amyris Inc. saw a sharp rise in short interest on May 30, 2023 jumping by 10.19 million shares to 65.52 million. Data from Yahoo Finance shows that the short interest on Apr 27, 2023 was 55.33 million shares. A jump of 15.55% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.39 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.39.
Which companies own the most shares of Amyris Inc. (AMRS)?
According to The Vanguard Group, Inc. filings, the company currently owns 22,721,258 shares, which is about 6.20% of the total AMRS shares outstanding. The investor’s shares have appreciated by 1,852,965 from its previous 13-F filing of 20868293.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $10,599,320. A total of 243,689 shares of Amyris Inc. were sold by SSgA Funds Management, Inc. during the quarter, and 47,292 were bought by Pinnacle Associates Ltd. In its current portfolio, Geode Capital Management LLC holds 4,350,776 shares valued at $3.56 million.
In terms of Amyris Inc. share price expectations, FactSet research, analysts set an average price target of $1.68 in the next 12 months, down nearly -3.42% from the previous closing price of $1.17. Analysts anticipate Amyris Inc. stock to reach $5.00 by 2023, with the lowest price target being $0.65. In spite of this, 8 analysts ranked Amyris Inc. stock as a Hold at the end of 2023.