Stocks of Gevo Inc. (NASDAQ:GEVO) traded higher last session on Wall Street, down -2.08% to $1.41.
According to the data, Gevo Inc. (NASDAQ:GEVO) has 4 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $1.30, we find $2.25. Given the previous closing price of $1.44, this indicates a potential upside of 56.25 percent. GEVO stock price is now -10.42% away from the 50-day moving average and -17.01% away from the 200-day moving average. The market capitalization of the company currently stands at $328.21M.
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A total of 2 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $4.95 as their price target over the next twelve months.
With the price target of $2.25, UBS recently initiated with Neutral rating for Gevo Inc. (NASDAQ: GEVO).
In other news, Gruber Patrick R., Chief Executive Officer sold 104,488 shares of the company’s stock on Jul 28. The stock was sold for $172,280 at an average price of $1.65. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,392,271 shares in the company, valued at $3.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, Chief Commercial Officer Cesarek Timothy J sold 37,207 shares of the business’s stock. A total of $61,146 was realized by selling the stock at an average price of $1.64. This leaves the insider owning 831,325 shares of the company worth $1.17 million. Insiders disposed of 572,822 shares of company stock worth roughly $0.81 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 THOMIST CAPITAL MANAGEMENT, LP during the first quarter worth $431,000. CAXTON ASSOCIATES LP invested $399,000 in shares of GEVO during the first quarter. In the first quarter, AMUNDI acquired a new stake in Gevo Inc. valued at approximately $366,000. GTS SECURITIES LLC acquired a new stake in GEVO for approximately $74,000. TWO SIGMA SECURITIES, LLC purchased a new stake in GEVO valued at around $63,000 in the second quarter. In total, there are 205 active investors with 51.30% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $1.4400 for Gevo Inc. (NASDAQ: GEVO). During the past 12 months, Gevo Inc. has had a low of $1.01 and a high of $3.54. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 15.10, and a quick ratio of 14.90. The fifty day moving average price for GEVO is $1.5708 and a two-hundred day moving average price translates $1.6952 for the stock.
The latest earnings results from Gevo Inc. (NASDAQ: GEVO) was released for Jun, 2023. According to the Specialty Chemicals Company, earnings per share came in at -$0.06, missing analysts’ expectations of -$0.05 by -0.01. This compares to -$0.06 EPS in the same period last year. The company reported revenue of $4.24 million for the quarter, compared to $89000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4661.8 percent. For the current quarter, analysts expect GEVO to generate $3.76M in revenue.
Gevo Inc.(GEVO) Company Profile
Gevo, Inc. operates as a renewable fuels company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company offers renewable gasoline and diesel, isooctane, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein. 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.
