The price of Gevo Inc. (NASDAQ:GEVO) shares last traded on Wall Street fell -0.47% to $2.10.
GEVO stock price is now -8.00% away from the 50-day moving average and -33.57% away from the 200-day moving average. The market capitalization of the company currently stands at $509.42M.
With the price target of $2.30, Jefferies recently initiated with Hold rating for Gevo Inc. (NASDAQ: GEVO). On February 09, 2022, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $5, while ‘Stifel’ rates the stock as ‘Buy’.
In other news, Marsh Andrew, Director sold 41,904 shares of the company’s stock on Nov 21. The stock was sold for $85,379 at an average price of $2.04. Upon completion of the transaction, the Director now directly owns 203,562 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, Director Mize Gary W. sold 9,883 shares of the business’s stock. A total of $30,474 was realized by selling the stock at an average price of $3.08. This leaves the insider owning 154,339 shares of the company worth $0.32 million. Insiders disposed of 1,363,910 shares of company stock worth roughly $2.86 million over the past 1 year. A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GEVO stock. A new stake in Gevo Inc. shares was purchased by TWO SIGMA ADVISERS, LP during the first quarter worth $4,490,000. MARSHALL WACE, LLP invested $1,845,000 in shares of GEVO during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Gevo Inc. valued at approximately $1,660,000. D. E. SHAW & CO., INC. acquired a new stake in GEVO for approximately $823,000. ETF MANAGERS GROUP, LLC purchased a new stake in GEVO valued at around $418,000 in the second quarter. In total, there are 196 active investors with 51.30% ownership of the company’s stock.
A candlestick chart of Gevo Inc. (NASDAQ: GEVO) showed a price of $2.1100 on Wednesday morning. During the past 12 months, Gevo Inc. has had a low of $1.80 and a high of $6.30. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 24.50, and a quick ratio of 24.30. The fifty day moving average price for GEVO is $2.2716 and a two-hundred day moving average price translates $3.1555 for the stock.
The latest earnings results from Gevo Inc. (NASDAQ: GEVO) was released for Jun, 2022. According to the Specialty Chemicals Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.08 by 0.02. This compares to -$0.07 EPS in the same period last year. The company reported revenue of $0.31 million for the quarter, compared to $0.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 157.5 percent. For the current quarter, analysts expect GEVO to generate $1.22M in revenue.
Gevo Inc.(GEVO) Company Profile
Gevo, Inc. operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives. Its products also include renewable gasoline and diesel, isooctane, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein. Gevo, Inc. has a strategic alliance with Axens North America, Inc. for ethanol-to-jet technology and sustainable aviation fuel commercial project development. The company was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. Gevo, Inc. was incorporated in 2005 and is headquartered in Englewood, Colorado.