In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Amyris (AMRS), with a price target of $11.00. The company’s shares closed last Monday at $1.84, close to its 52-week low of $1.75.
According to TipRanks.com, Dayal has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.1% and a 33.8% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Orion Energy Systems, and Ceco Environmental.
Amyris has an analyst consensus of Moderate Buy, with a price target consensus of $8.00, which is a 243.3% upside from current levels. In a report issued on March 13, Oppenheimer also maintained a Buy rating on the stock with a $8.00 price target.
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The company has a one-year high of $5.75 and a one-year low of $1.75. Currently, Amyris has an average volume of 2.11M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMRS in relation to earlier this year. Earlier this month, John Doerr, a Director at AMRS bought 5,226,481 shares for a total of $15,000,000.
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Amyris, Inc. engages in the provision of bioscience solutions. It offers its products to health and wellness, clean beauty, and flavor and fragrance markets. The company was founded by Jack D. Newman, Kinkead Keith Reiling, and Neil Renninger on July 17, 2003 and is headquartered in Emeryville, CA.
