Gevo (NASDAQ:GEVO - Get Free Report) released its quarterly earnings results on Thursday. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02, Zacks reports. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The business had revenue of $4.15 million during the quarter, compared to analyst estimates of $3.85 million.
Gevo Price Performance
Shares of Gevo stock traded down $0.01 during trading on Tuesday, hitting $1.16. The stock had a trading volume of 1,297,297 shares, compared to its average volume of 5,574,491. The business has a fifty day moving average of $1.53 and a two-hundred day moving average of $1.76. The firm has a market cap of $276.52 million, a P/E ratio of -3.40 and a beta of 2.72. Gevo has a fifty-two week low of $0.48 and a fifty-two week high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday.
Read Our Latest Research Report on GEVO
Gevo Company Profile
(
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Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.
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