Piper Sandler lifts Amyris Inc. [AMRS] price estimate. Who else is bullish?

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Amyris Inc. [NASDAQ: AMRS] traded at a high on 06/23/22, posting a 5.39 gain after which it closed the day’ session at $2.15. The company report on June 23, 2022 that AMYRIS BARRA BONITA FERMENTATION PLANT BEGINS INDUSTRIAL PRODUCTION.


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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 has successfully started fermentation at its new precision fermentation plant in Barra Bonita, Brazil.

The greenfield site at Barra Bonita establishes Amyris as the leading manufacturer of highly engineered organisms at industrial scale. The first of its kind precision fermentation plant is a strategic investment made to meet rapidly growing demand for clean, sustainable, chemistry-based products for the beauty, personal care, health and wellness markets.

The results of the trading session contributed to over 6965746 shares changing hands. Over the past one week, the price volatility of Amyris Inc. stands at 8.49% while the volatility over the past one month is 10.04%.

The market cap for AMRS stock reached $651.21 million, with 312.90 million shares outstanding and 224.62 million shares in the current float. Compared to the average trading volume of 6.02M shares, AMRS reached a trading volume of 6965746 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Amyris Inc. [AMRS]?

Piper Sandler have made an estimate for Amyris Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 25, 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 March 02, 2022, representing the official price target for Amyris Inc. stock. Previously, the target price had yet another raise to $19, while Cowen analysts kept a Outperform rating on AMRS stock.

The Average True Range (ATR) for Amyris Inc. is set at 0.25, with the Price to Sales ratio for AMRS stock in the period of the last 12 months amounting to 2.92.

How has AMRS stock performed recently?

Amyris Inc. [AMRS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.14. With this latest performance, AMRS shares dropped by -7.33% in over the last four-week period, additionally sinking by -62.28% over the last 6 months – not to mention a drop of -87.11% 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 45.99, with the RSI for the last a single of trading hit 50.36, and the three-weeks RSI is set at 43.92 for Amyris Inc. [AMRS]. The present Moving Average for the last 50 days of trading for this stock 2.81, while it was recorded at 2.00 for the last single week of trading, and 6.39 for the last 200 days.

Amyris Inc. [AMRS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Amyris Inc. [AMRS] shares currently have an operating margin of -48.31 and a Gross Margin at +51.77. Amyris Inc.’s Net Margin is presently recorded at -79.12.

Return on Equity for this stock declined to -679.38, with Return on Assets sitting at -45.95.

Amyris Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.80.

Insider trade positions for Amyris Inc. [AMRS]

There are presently around $302 million, or 49.60% of AMRS stock, in the hands of institutional investors. The top three institutional holders of AMRS stocks are: BLACKROCK INC. with ownership of 21,667,736, which is approximately 2.731% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 17,195,799 shares of the stock with an approximate value of $35.08 million in AMRS stocks shares; and FARALLON CAPITAL MANAGEMENT LLC, currently with $34.54 million in AMRS stock with ownership of nearly 55.909% of the company’s market capitalization.

106 institutional holders increased their position in Amyris Inc. [NASDAQ:AMRS] by around 24,707,610 shares. Additionally, 116 investors decreased positions by around 19,554,898 shares, while 47 investors held positions by with 103,615,766 shares. The mentioned changes placed institutional holdings at 147,878,274 shares, according to the latest SEC report filing. AMRS stock had 36 new institutional investments in for a total of 7,117,386 shares, while 43 institutional investors sold positions of 6,392,519 shares during the same period.

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