Green Plains (NASDAQ:GPRE) Reaches New 52-Week Low - What's Next?

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $6.10 and last traded at $6.20, with a volume of 2690614 shares trading hands. The stock had previously closed at $6.51.

Wall Street Analysts Forecast Growth

Several research firms have commented on GPRE. StockNews.com cut Green Plains from a "hold" rating to a "sell" rating in a research note on Monday, February 10th. Stephens raised Green Plains to a "hold" rating in a report on Monday, December 2nd. Truist Financial reissued a "buy" rating and issued a $12.00 price objective (down previously from $18.00) on shares of Green Plains in a report on Thursday. Finally, BMO Capital Markets cut their price objective on Green Plains from $13.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $22.56.

Green Plains Stock Up 2.0 %

The company has a current ratio of 1.78, a quick ratio of 1.16 and a debt-to-equity ratio of 0.46. The stock has a market cap of $431.22 million, a P/E ratio of -17.55, a PEG ratio of 3.69 and a beta of 1.44. The firm has a 50-day simple moving average of $9.32 and a two-hundred day simple moving average of $11.61.

Green Plains (NASDAQ:GPRE - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period in the prior year, the firm posted $0.13 EPS. Equities research analysts expect that Green Plains Inc. will post -1.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GPRE. State Street Corp boosted its stake in shares of Green Plains by 2.9% during the third quarter. State Street Corp now owns 3,910,245 shares of the specialty chemicals company's stock valued at $52,945,000 after purchasing an additional 111,501 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Green Plains by 21.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,401,476 shares of the specialty chemicals company's stock valued at $13,286,000 after purchasing an additional 250,738 shares in the last quarter. Kailix Advisors LLC boosted its stake in shares of Green Plains by 15.3% during the fourth quarter. Kailix Advisors LLC now owns 1,316,894 shares of the specialty chemicals company's stock valued at $12,484,000 after purchasing an additional 174,519 shares in the last quarter. CenterBook Partners LP acquired a new stake in shares of Green Plains during the fourth quarter valued at about $10,940,000. Finally, Invesco Ltd. boosted its stake in shares of Green Plains by 92.0% during the fourth quarter. Invesco Ltd. now owns 1,020,129 shares of the specialty chemicals company's stock valued at $9,671,000 after purchasing an additional 488,870 shares in the last quarter.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.