The price of Gevo Inc (NASDAQ:GEVO) shares last traded on Wall Street rose 3.68% to $0.68.
GEVO stock price is now -21.82% away from the 50-day moving average and -43.64% away from the 200-day moving average. The market capitalization of the company currently stands at $164.57M.
With the price target of $2, Northland Capital recently initiated with Market Perform rating for Gevo Inc (NASDAQ: GEVO). On December 14, 2022, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $2.25, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Shafer Andrew, Chief Mktg Cust & Brnd Officer sold 24,978 shares of the company’s stock on Dec 26 ’23. The stock was sold for $30,723 at an average price of $1.23. Upon completion of the transaction, the Chief Mktg Cust & Brnd Officer now directly owns 156,841 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’23, VP Accounting and Treasurer Nurmat Alisher K sold 586 shares of the business’s stock. A total of $627 was realized by selling the stock at an average price of $1.07. This leaves the insider owning 104,919 shares of the company worth $71344.92. A total of 3.96% of the company’s stock is owned by insiders.
During the past 12 months, Gevo Inc has had a low of $0.62 and a high of $1.86. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 4.23, and a quick ratio of 4.18. The fifty day moving average price for GEVO is $0.8662 and a two-hundred day moving average price translates $1.2102 for the stock.
The latest earnings results from Gevo Inc (NASDAQ: GEVO) was released for Dec, 2023. According to the Specialty Chemicals Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.05 by -0.03. This compares to -$0.12 EPS in the same period last year. The net profit margin was -384.97% and return on equity was -11.39% for GEVO. The company reported revenue of $4.37 million for the quarter, compared to $0.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 702.57 percent. For the current quarter, analysts expect GEVO to generate $4.55M in revenue.
Gevo Inc(GEVO) Company Profile
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. 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.
