Amyris (NASDAQ:AMRS) traded today at a new 52-week low of $1.79. Approximately 374,000 shares have changed hands today, as compared to an average 30-day volume of 457,000 shares.
Amyris, Inc. is a renewable products company. The Company provides alternatives to select petroleum-sourced products used in specialty chemical and transportation fuel markets worldwide. Amyris is developing Brazilian sugarcane as its primary feedstock.
There is potential upside of 65.7% for shares of Amyris based on a current price of $1.81 and an average consensus analyst price target of $3.00. The stock should find initial resistance at its 50-day moving average (MA) of $4.03 and further resistance at its 200-day MA of $11.71.
Over the past year, Amyrishas traded in a range of $1.79 to $30.78 and are now at $1.81. The 200-day and 50-day moving averages have moved 2.72% lower and 4.51% lower over the past week, respectively.
