This post was originally published on this site
However, its shares have been down 24.7% over the past six months. Closing Friday’s trading session at $19.7, AMTX’s stock is trading 28.2% below its 52-week high of $27.44, which it hit on April 08, 2021. Moreover, the Biden administration is considering slashing the country’s biofuel blending standards, a move prompted by a drop in gasoline consumption during the pandemic. This, along with its premium valuations and weak financials, could cause its shares to witness a pullback in the near term.
Here’s what could influence AMTX’s performance in the near term:
