Amyris, Inc. (NASDAQ:AMRS).
On March 10 Cowen & Company held the stock rating at “Market Perform” but lowered the price expectation from $2.50 to $2.00. On November 10, 2015 H.C. Wainwright initiated coverage on AMRS with an initial rating of “Buy” and price target of $4.00.
Stifel Nicolaus began coverage of AMRS with a rating of “Hold”. Equity analyst Cowen & Company both upgraded the stock and raised the price target on February 26 boosting the price target from $3.00 to $3.50 and moving the rating from “Underperform” to “Market Perform”.
On February 26 the company was upgraded from “Underperform” to “Market Perform” with a current price target of $3.50 in an announcement from Cowen & Company.
In the market the company is trading up since yesterday’s close of $0.4935. It is trading at $0.500 a bit higher than the 50 day moving average which is $0.44 and a tad under the 200 day moving average of $0.64. The 50 day moving average was up by +13.905% whereas the 200 day average was down by -23.152%.
In the last earnings report the EPS was $-0.93 and is estimated to be $-0.20 for the current year with 235,022,000 shares currently outstanding. Next quarter’s EPS is forecasted at $-0.02 with next year’s EPS projected to be $-0.12.
Short traders are feeling a little more bearish on Amyris, Inc. of late if you put credence in the rise in short interest. The company recorded a rise in short interest of 0.09% as of the latest report on September 15, 2016. Short shares increased from 3,087,085 to 3,360,053 over that period. With short interest at 3,360,053 and short average daily volume at 1,414,720, the short-interest ratio is 2.4 and the percentage of shorted shares is 0.01% as of September 15.