Amyris Inc. ($AMRS) Stock Forecast: Down 34.4% Today

What is Amyris Inc.?

AMRS is a stock in the biotechnology industry. It specializes in the development and production of sustainable ingredients for various industries such as cosmetics, flavors, and fragrances. The overall market for biotechnology stocks has been volatile, with investors closely monitoring the company's financial performance and potential breakthroughs in its research and development efforts.

Why is Amyris Inc. going down?

AMRS stock is down 34.4% on Aug 8, 2023 14:30

• The bearish movement in AMRS could be attributed to the warning of potential bankruptcy mentioned in an article from Seeking Alpha. This news likely caused concerns among investors about the company's financial stability and its ability to continue operations.
• The lack of positive surprises in Ingevity's earnings report, as mentioned in an article from Zacks Commentary, may have also contributed to the bearish sentiment in the overall biotechnology market, including AMRS. This could have led investors to reevaluate their positions in the sector, including AMRS, and sell off their holdings.

AMRS Price Chart

AMRS News

Amyris Warns Of Potential Bankruptcy - Sell

Cash-strapped Amyris remains on life support by largest shareholder and creditor John Doerr. Find out why AMRS stock is a Sell.

https://seekingalpha.com/article/4625002-amyris-warns-of-potential-bankruptcy-sell?source=feed_all_articles

Ingevity ( NGVT ) Meets Q2 Earnings Estimates

Ingevity (NGVT) delivered earnings and revenue surprises of 0% and 0.36%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2131500/ingevity-ngvt-meets-q2-earnings-estimates

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Amyris Inc. Price History

07.07.2023 - AMRS Stock was down 6.5%

• The bearish movement in AMRS could be due to disappointing earnings results from Ingevity (NGVT), which could have negatively impacted investor sentiment in the market.
• The lack of positive surprises in Ingevity's earnings report may have led investors to believe that other companies, including AMRS, may also struggle in the current market conditions.
• The market movement in AMRS could be a reflection of broader concerns about the overall economic outlook, leading investors to sell off their positions in the stock.