Gevo (NASDAQ:GEVO - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at HC Wainwright in a research note issued to investors on Tuesday, Marketbeat reports. They presently have a $14.00 price objective on the energy company's stock. HC Wainwright also issued estimates for Gevo's FY2029 earnings at $1.08 EPS.
Separately, UBS Group increased their price target on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd.
Get Our Latest Analysis on Gevo
Gevo Stock Performance
Shares of GEVO stock traded down $0.06 on Tuesday, hitting $1.87. 4,996,872 shares of the stock were exchanged, compared to its average volume of 5,464,429. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $447.70 million, a PE ratio of -5.50 and a beta of 2.73. Gevo has a one year low of $0.48 and a one year high of $3.39. The firm's 50 day moving average is $1.87 and its two-hundred day moving average is $1.58.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. During the same quarter in the prior year, the company earned ($0.07) EPS. Sell-side analysts expect that Gevo will post -0.32 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in Gevo in the 2nd quarter worth about $2,888,000. Point72 Asset Management L.P. boosted its stake in Gevo by 54.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company's stock worth $3,770,000 after purchasing an additional 812,870 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Gevo in the 4th quarter valued at about $468,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Gevo in the 2nd quarter valued at about $112,000. Finally, Amundi purchased a new stake in shares of Gevo in the 4th quarter valued at about $301,000. Institutional investors own 35.17% of the company's stock.
About Gevo
(
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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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