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H.C. Wainwright Thinks Amyris’ Stock is Going to Recover

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Amyris (AMRSResearch Report) today and set a price target of $22.00. The company’s shares closed last Wednesday at $5.11, close to its 52-week low of $3.65.

According to TipRanks.com, Dayal is a top 100 analyst with an average return of 52.2% and a 46.1% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Westport Fuel Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amyris with a $17.00 average price target.

See the top stocks recommended by analysts >>

Based on Amyris’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $47.87 million and GAAP net loss of $32.94 million. In comparison, last year the company earned revenue of $34.26 million and had a GAAP net loss of $23.16 million.

Based on the recent corporate insider activity of 36 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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