The Vanguard Group, Inc. recently announced the acquisition of new stake in Amyris Inc. (NASDAQ:AMRS). The institutional investor has increased its shareholding in the Basic Materials company by 3.65% to 19.45 million shares with purchase of 0.68 million shares. This fresh investment now brings its stake to 6.02% valued currently at $54.67 million. In addition, Edmond de Rothschild Asset Manage raised its holdings by 0.33 million to 7.29 million shares. And Michigan Department of Treasury has lifted its position by 9.93% or 0.65 million shares – to 7.2 million shares.
With over 6.85 million Amyris Inc. (AMRS) shares trading Monday and a closing price of $1.71 on the day, the dollar volume was approximately $11.72 million. The shares have shown a negative half year performance of -35.96% and its price on 11/28/22 lost nearly -7.07%. Currently, there are 322.29M common shares owned by the public and among those 229.96M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for AMRS have a consensus price objective of $4.09. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $2.00. The average price target is 78.33% above its recent price level and an upside to the estimated low will see the stock gain 14.5% over that period. But an upside of 71.5% will see the stock hit the forecast high price target while median target price for the stock is $4.18.
Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 1,107,394 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 1,459,962 shares.
The top 3 mutual fund holders in Amyris Inc. are Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and Edmond de Rothschild Fund – Big D. Vanguard Total Stock Market Index owns 6.23 million shares of the company’s stock, all valued at over $17.52 million. Vanguard Small Cap Index Fund bought 0.11 million shares to see its total holdings expand to 5.4 million shares valued at over $15.18 million and representing 1.67% of the shares outstanding. Edmond de Rothschild Fund – Big D bought 3.95 million shares to bring its total holdings to over 4.56 million shares at a value of $12.82 million. Edmond de Rothschild Fund – Big D now owns shares totaling to 1.41% of the shares outstanding.
Shares of Amyris Inc. (NASDAQ: AMRS) opened at $1.85, up $0.01 from a prior closing price of $1.84. However, the script later moved the day high at 1.8500, down -7.07%. The company’s stock has a 5-day price change of -22.97% and -39.58% over the past three months. AMRS shares are trading -68.39% year to date (YTD), with the 12-month market performance down to -74.78% lower. It has a 12-month low price of $1.44 and touched a high of $6.96 over the same period. AMRS has an average intraday trading volume of 6.37 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -27.27%, -35.83%, and -43.97% respectively.
Institutional ownership of Amyris Inc. (NASDAQ: AMRS) shares accounts for 39.40% of the company’s 322.29M shares outstanding. Mutual fund holders own 19.71%, while other institutional holders and individual stakeholders account for 50.74% and 15.07% respectively.
It has a market capitalization of $553.20M and a beta (3y monthly) value of 1.15. The earnings-per-share (ttm) stands at -$1.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.97% over the week and 12.46% over the month.
Analysts forecast that Amyris Inc. (AMRS) will achieve an EPS of -$0.21 for the current quarter, -$0.17 for the next quarter and -$0.53 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.21 while analysts give the company a high EPS estimate of -$0.21. Earnings per share for the fiscal year are expected to increase by 50.80%, and 54.20% over the next financial year. EPS should shrink at an annualized rate of 30.00% over the next five years, compared to 31.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Amyris Inc. (AMRS) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 1 rated it as a “Sell.”
Piper Sandler on their part issued Neutral rating on May 25, 2022.