Gevo (NASDAQ:GEVO - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They currently have a $14.00 price target on the energy company's stock. HC Wainwright also issued estimates for Gevo's FY2028 earnings at $0.31 EPS and FY2029 earnings at $1.04 EPS.
Gevo Stock Performance
GEVO traded down $0.01 during trading on Friday, hitting $1.16. The stock had a trading volume of 1,297,297 shares, compared to its average volume of 5,574,491. The firm has a market cap of $276.52 million, a PE ratio of -3.40 and a beta of 2.72. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39. The company has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $1.76.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The business had revenue of $4.15 million during the quarter, compared to analysts' expectations of $3.85 million. Analysts expect that Gevo will post -0.42 EPS for the current year.
Hedge Funds Weigh In On Gevo
Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. grew its position 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 last quarter. International Assets Investment Management LLC acquired a new stake in Gevo during the fourth quarter worth about $59,000. Signal Advisors Wealth LLC bought a new position in Gevo during the fourth quarter valued at about $34,000. Ballentine Partners LLC acquired a new position in Gevo in the 4th quarter valued at approximately $54,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Gevo by 166.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company's stock worth $94,000 after acquiring an additional 28,000 shares during the period. 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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