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Amyris (AMRS) Shows Strength: Stock Adds 7.1% in Session

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Amyris, Inc. was a big mover last session, as its shares rose over 7% on the day. The move came on the back of the company’s announcement of a new collaboration in the field of cosmetic active ingredients with Givaudan. This led to far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is now down 35.1% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Amyris currently has a Zacks Rank #3 (Hold) while the Earnings ESP is 0.00%.

A better-ranked stock in the biofuels industry is Enviva Partners, LP (EVA - Free Report) which sports a Zacks Rank #1 (Strong Buy).

Is AMRS going up? Or down? Predict to see what others think: Up or Down

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