Singluar Research Initiates Coverage on Amyris Inc to Buy

Singluar Research Initiates Coverage on Amyris Inc(NASDAQ:AMRS). The shares have been rated Buy. The rating by Singluar Research was issued on Sep 27, 2016.

Amyris Inc (AMRS) made into the market gainers list on Fridays trading session with the shares advancing 14.99% or 0.0756 points. Due to strong positive momentum, the stock ended at $0.58, which is also near the day’s high of $0.605. The stock began the session at $0.55 and the volume stood at 92,50,024 shares. The 52-week high of the shares is $2.57 and the 52 week low is $0.313. The company has a current market capitalization of $136 M and it has 23,50,22,700 shares in outstanding.

Amyris Inc(AMRS) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $9.60M. Analysts had an estimated revenue of $15.23M. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.12.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, L John Doerr (director) purchased 200,577 shares at $1.04 per share price.Also, On Jun 16, 2016, John Melo (President and CEO) sold 200,577 shares at $1.04 per share price.On Oct 16, 2015, Philippe Boisseau (director 10% owner) sold 80,052 shares at $2.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Amyris Inc. is a renewable products company. The Company is focused on providing sustainable alternatives to a range of petroleum-sourced products used in consumer care specialty chemical and transportation fuel markets around the world. The Company developed microbial engineering and screening technologies that modify the way microorganisms’ process sugars. The Company using its industrial bioscience technology to design microbes primarily yeast and use them as living factories in established fermentation processes to convert plant-sourced sugars into renewable hydrocarbons. The Company has focused its commercialization efforts on a renewable hydrocarbon molecule called farnesene (Biofene) which forms the basis for a range of products including emollients flavors and fragrance oils and diesel fuel.

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