In yesterday’s Wall Street session, Gevo Inc (NASDAQ:GEVO) shares traded at $0.60, down -10.16% from the previous session.
GEVO stock price is now -20.53% away from the 50-day moving average and -46.42% away from the 200-day moving average. The market capitalization of the company currently stands at $144.25M.
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 $94104.6. 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 $62951.4. 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 $0.59 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 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.
