Stocks of Gevo Inc. (NASDAQ:GEVO) traded higher last session on Wall Street, up 2.63% to $1.56.
GEVO stock price is now -18.18% away from the 50-day moving average and -32.24% away from the 200-day moving average. The market capitalization of the company currently stands at $374.81M.
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One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
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With the price target of $2.25, UBS recently initiated with Neutral rating for Gevo Inc. (NASDAQ: GEVO). On October 19, 2022, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $2.30, while ‘Citigroup’ rates the stock as ‘Buy’.
In other news, Smull L Lynn, Chief Financial Officer sold 17,676 shares of the company’s stock on Dec 19. The stock was sold for $33,409 at an average price of $1.89. Upon completion of the transaction, the Chief Financial Officer now directly owns 797,725 shares in the company, valued at $1.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, VP and Controller Nurmat Alisher K sold 1,010 shares of the business’s stock. A total of $1,770 was realized by selling the stock at an average price of $1.75. This leaves the insider owning 51,903 shares of the company worth $80968.68. Insiders disposed of 1,218,257 shares of company stock worth roughly $1.9 million over the past 1 year. A total of 2.90% 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 ALPS ADVISORS INC during the first quarter worth $1,989,000. QUADRATURE CAPITAL LTD invested $503,000 in shares of GEVO during the first quarter. In the first quarter, SABBY MANAGEMENT, LLC acquired a new stake in Gevo Inc. valued at approximately $329,000. VIRTU FINANCIAL LLC acquired a new stake in GEVO for approximately $152,000. INDEXIQ ADVISORS LLC purchased a new stake in GEVO valued at around $130,000 in the second quarter. In total, there are 202 active investors with 51.30% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $1.5300 for Gevo Inc. (NASDAQ: GEVO). During the past 12 months, Gevo Inc. has had a low of $1.49 and a high of $5.24. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 16.30, and a quick ratio of 16.10. The fifty day moving average price for GEVO is $1.9066 and a two-hundred day moving average price translates $2.3022 for the stock.
The latest earnings results from Gevo Inc. (NASDAQ: GEVO) was released for Sep, 2022. According to the Specialty Chemicals Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.07 by -0.12. This compares to -$0.08 EPS in the same period last year. The company reported revenue of $0.55 million for the quarter, compared to $26000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2196.15 percent. For the current quarter, analysts expect GEVO to generate $1.92M 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.
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