Skyrocketing

United

Bank AI

Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NASDAQ: AMTX stock added 10.65% to its trading price on the August 3 trading session. </a> </li> 
 <li> <span>2</span> <a>The annual price target of AMTX share price is $13.80, which is 83.27% greater than the current trading price. </a> </li> 
 <li> <span>3</span> <a>In Q1 &amp; Q2 2023, earnings per share also showed a massive decline and reported 73.89% and 106.88% fewer eps than estimated.</a> </li> 
</ul> 
<p>NASDAQ: AMTX stock added 10.65% intraday; it opened trading at $6.07, lowering to $6.02it hit a high of $7.76 and closed trading at $7.53 with intraday trading volume of 924.882k. In the weekly time frame, Aemetis Inc. stock prices surged 2.31% over 2.30%.&nbsp;&nbsp;</p> 
<p>After analyzing the technical aspects of AMTX stock, it is clear that speculative activities are common and repetitive. The annual price target of AMTX share price is $13.80, which os 83.27% greater than the current trading price.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-price-analysis-of-amtx-stock-strong"><strong>Technical Price Analysis of AMTX Stock&nbsp;&nbsp;</strong></h2> 
<p>If buyers succeed in overruling sellers in the coming session, AMTX stock might face immediate resistance of $8, and if bullishness continues, prices might cross the next resistance of $8.90. AMTX stock is trading above 20/50/100/200 EMAs.&nbsp;</p> 
<p>Over the past few trading sessions, AMTX stock price has been consolidating between $8.98 and $6.07.In other contexts, if sellers continued their selling, the price might face the nearest support of $5.50, and if momentum continues further, the price might fall below $5.&nbsp;&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/n1NjM87k5aDliRUL-UPLpCGRhFB_WL2BDJsDQ8LBc0IB-oMDR7QfPB_zApRVgleB4Ixe7ppov6KeJ99jYCe87dUufaZSXbyeby9sooHWsqlpHVF0AJJdh23icWAYM-mxncWy0E8HgM2SmKZGg3tHiis" alt="AMTX Stock Price Skyrocketing Despite Negative Revenue"> 
  <figcaption class="wp-element-caption">
    Source: AMTX stock price chart from TradingView&nbsp;&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>In the 52 weeks time frame, AMTX shares traded at $11.50; its lowest trading price was $1.16. Market capitalization of Aemetis Inc. is $276.274 Million, and its shares’ average trading volume is 480.074k.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-news-related-strong"><strong>News Related&nbsp;</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/07/26/aemetis-amtx-stock-experienced-over-10-weekly-price-decline/" target="_blank" rel="noopener noreferrer nofollow">Aemetis, Inc.</a>, a renewable natural gas and renewable fuels company focused on carbon-negative products, announced closing its second $25 million, 20-year loan guaranteed by the United States Department of Agriculture (USDA) for $50 million.&nbsp;</p> 
<p>The Aemetis Biogas Central Dairy RNG project is now fully funded to build biogas shears and related assets at eight additional dairies using $9.4 million in equity financing already committed by Aemetis and $25 million in new USDA-guaranteed loan financing. Magnolia Bank of Elizabethtown, Kentucky, financed a $25 million loan to Aemetis Biogas 2, LLC (AB-2), a subsidiary of Aemetis Inc. wholly owned subsidiary.</p> 
<h3 class="wp-block-heading" id="strong-aemetis-inc-earnings-revenue-strong"><strong>Aemetis, Inc Earnings &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 2023, investors were disappointed with 96.39% less revenue than estimated figures. The estimated revenue for the quarter was $59.52 Million, but it reported $2.15 Million. Similarly, in Q2, the company was supposed to report $51.37 Million in revenue, but it only reported $45.11 Million.&nbsp;</p> 
<p>In Q1 &amp; Q2 2023, earnings per <a href="https://www.thecoinrepublic.com/2023/07/25/vz-stock-price-noted-over-30-million-trading-volume-in-a-day/" target="_blank" rel="noopener noreferrer nofollow">share </a>also showed a massive decline and reported 73.89% and 106.88% fewer EPS than estimated. The estimated EPS for Q4 and Q5 is -$0.10 and -$0.12.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical levels:</strong></h4> 
<p><strong>Support Level:</strong> $6.42 and $5.52</p> 
<p><strong>Resistance Level:</strong> $7.5 and $9</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

AMTX Stock Price Skyrocketing Despite Negative Revenue

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Thecoinrepublic.com

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