Cowen slashes price target on Amyris Inc. [AMRS] – find out why.


Amyris Inc. [NASDAQ: AMRS] stock went on an upward path that rose over 2.22% on Tuesday, amounting to a one-week price decrease of less than -0.81%. The company report on May 3, 2022 that AMYRIS TO HOST FIRST QUARTER 2022 FINANCIAL RESULTS CONFERENCE CALL ON MAY 10.

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Amyris, Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company accelerating the world’s transition to sustainable consumption through its Lab-to-Market™ technology platform, today announced that it will issue its financial results for the first quarter ended March 31, 2022, on the morning of Tuesday, May 10, 2022, prior to the opening of the financial markets.

The company will hold a conference call and webcast at 6:00 a.m. Pacific Time (9:00 a.m. Eastern Time), during which, John Melo, President and Chief Executive Officer, and Han Kieftenbeld, Chief Financial Officer, will discuss Amyris’ financial results and provide an update on the company’s business. Participants may access the live webcast on Amyris’ Investor Relations website, where it will be archived for 90 days. The live call can be accessed by dialing (844) 850-0551 (domestic) or (412) 902-4203 (international) and asking to join the Amyris, Inc. call.

Over the last 12 months, AMRS stock dropped by -74.66%. The one-year Amyris Inc. stock forecast points to a potential upside of 75.12.

The market cap for the stock reached $1.22 billion, with 309.91 million shares outstanding and 211.54 million shares in the current float. Compared to the average trading volume of 4.70M shares, AMRS stock reached a trading volume of 4413686 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Amyris Inc. [AMRS]:

Cowen have made an estimate for Amyris Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 02, 2022. While these analysts kept the previous recommendation, Cowen raised their target price to Outperform. The new note on the price target was released on October 15, 2021, representing the official price target for Amyris Inc. stock. Previously, the target price had yet another raise to $20, while HSBC Securities analysts kept a Buy rating on AMRS stock. On March 03, 2021, analysts increased their price target for AMRS shares from 11 to 35.

The Average True Range (ATR) for Amyris Inc. is set at 0.33, with the Price to Sales ratio for AMRS stock in the period of the last 12 months amounting to 3.58. The Price to Book ratio for the last quarter was 4.61, with the Price to Cash per share for the same quarter was set at 1.46.

AMRS Stock Performance Analysis:

Amyris Inc. [AMRS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.81. With this latest performance, AMRS shares dropped by -18.72% in over the last four-week period, additionally sinking by -75.15% over the last 6 months – not to mention a drop of -74.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMRS stock in for the last two-week period is set at 40.84, with the RSI for the last a single of trading hit 39.99, and the three-weeks RSI is set at 42.22 for Amyris Inc. [AMRS]. The present Moving Average for the last 50 days of trading for this stock 4.30, while it was recorded at 3.56 for the last single week of trading, and 8.52 for the last 200 days.

Insight into Amyris Inc. Fundamentals:

Amyris Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.40.

Amyris Inc. [AMRS] Insider Position Details

There are presently around $520 million, or 50.00% of AMRS stock, in the hands of institutional investors. The top three institutional holders of AMRS stocks are: BLACKROCK INC. with ownership of 21,091,779, which is approximately -12.129% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 17,315,246 shares of the stock with an approximate value of $62.51 million in AMRS stocks shares; and VIVO CAPITAL, LLC, currently with $42.03 million in AMRS stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Amyris Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 157 institutional holders increased their position in Amyris Inc. [NASDAQ:AMRS] by around 37,920,828 shares. Additionally, 88 investors decreased positions by around 16,136,704 shares, while 31 investors held positions by with 90,015,891 shares. The mentioned changes placed institutional holdings at 144,073,423 shares, according to the latest SEC report filing. AMRS stock had 65 new institutional investments in for a total of 9,629,255 shares, while 42 institutional investors sold positions of 8,877,975 shares during the same period.