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Amyris Inc. (NASDAQ: AMRS) Has Not A Good News: Stock Could Fall Even -1039.9%

Amyris Inc. (NASDAQ:AMRS) price closed higher on Friday, July 01, jumping 4.32% above its previous close.

A look at the daily price movement shows that the last close reads $1.85, with intraday deals fluctuated between $1.78 and $1.95. The company’s 5Y monthly beta was ticking 1.57. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.13 and 52-week low of $1.47. The stock subtracted -18.22% on its value in the past month.

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Amyris Inc., which has a market valuation of $591.51 million, is expected to release its quarterly earnings report Feb 28, 2022 – Mar 04, 2022.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AMRS a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 8 analysts have assigned AMRS a recommendation rating as follows: 2 rate it as a Hold; 6 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Amyris Inc. (AMRS) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that AMRS’s price is at present -8.19% off the SMA20 and -24.99% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 42.30, with weekly volatility standing at 10.01%. The indicator jumps to 9.07% when calculated based on the past 30 days. Amyris Inc. (NASDAQ:AMRS)’s beta value is holding at 1.76, while the average true range (ATR) indicator is currently reading 0.21. Considering analysts have assigned the stock a price target range of $2.50-$22.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $11.76. Based on this estimate, we see that current price is roughly -29.53% off the estimated low and -1039.9% off the forecast high. Investors will no doubt be excited to see the share price fall to $9.00, which is the median consensus price, and at that level AMRS would be -366.32% from current price.

Turning out attention to how the Amyris Inc. stock has performed in comparison to its peers in the industry, here’s what we find: AMRS’s stock is 4.32% on the day and -88.64% in the past 12 months, while FutureFuel Corp. (FF) traded 1.10% in the last session and was positioned -23.33% down on its price 12 months ago. Another comparison is with Albemarle Corporation (ALB) whose stock price was down -1.83% in the last trading session, and has flourished 19.25% over the past year. Also, TotalEnergies SE (TTE) showed up trend of 0.36% while its price kept floating at 15.27% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 1.06% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 1.05%.

An analysis of the Amyris Inc. (NASDAQ:AMRS) stock in terms of its daily trading volume indicates that the 3-month average is 6.24 million.

Current records show that the company has 312.90M in outstanding shares. The insiders’ percentage holdings are 0.20% of outstanding shares while the percentage share held by institutions stands at 49.60%. But the -64.33% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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