Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price was up 1.2% on Thursday . The stock traded as high as $1.84 and last traded at $1.80. Approximately 866,152 shares were traded during trading, a decline of 90% from the average daily volume of 8,599,178 shares. The stock had previously closed at $1.78.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on GEVO shares. UBS Group upped their target price on shares of Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. HC Wainwright reissued a "buy" rating and issued a $14.00 target price on shares of Gevo in a report on Tuesday.
Get Our Latest Stock Report on GEVO
Gevo Stock Up 6.3 %
The company has a market capitalization of $445.30 million, a price-to-earnings ratio of -5.47 and a beta of 2.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The firm's fifty day moving average price is $1.85 and its 200-day moving average price is $1.55.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. The firm had revenue of $1.97 million for the quarter, compared to analyst estimates of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same period in the previous year, the firm posted ($0.07) EPS. Sell-side analysts expect that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.
Institutional Trading of Gevo
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC acquired a new position in shares of Gevo during the 4th quarter valued at $34,000. Lauterbach Financial Advisors LLC bought a new stake in Gevo during the third quarter worth $29,000. International Assets Investment Management LLC purchased a new position in shares of Gevo in the 4th quarter worth about $59,000. Ballentine Partners LLC purchased a new stake in shares of Gevo during the 4th quarter worth approximately $54,000. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Gevo by 200.9% during the 4th quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock valued at $65,000 after buying an additional 18,734 shares during the last quarter. Institutional investors and hedge funds 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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