HC Wainwright restated their buy rating on shares of Gevo (NASDAQ:GEVO – Free Report) in a research note published on Friday, MarketBeat Ratings reports. HC Wainwright currently has a $14.00 price objective on the energy company’s stock.
Gevo Stock Performance
Shares of GEVO stock opened at $3.13 on Friday. Gevo has a 12 month low of $0.48 and a 12 month high of $3.15. The stock has a market cap of $739.41 million, a PE ratio of -10.79 and a beta of 2.98. The company’s fifty day moving average price is $1.27 and its 200-day moving average price is $0.86. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13.
Gevo (NASDAQ:GEVO – Get Free Report) last released its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The firm had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same period last year, the business earned ($0.06) earnings per share. On average, equities analysts expect that Gevo will post -0.34 EPS for the current fiscal year.
Insider Transactions at Gevo
Institutional Investors Weigh In On Gevo
A number of hedge funds have recently added to or reduced their stakes in GEVO. Thomist Capital Management LP bought a new stake in shares of Gevo in the first quarter worth $1,833,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Gevo during the 1st quarter valued at about $89,000. BNP Paribas Financial Markets increased its position in shares of Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo during the 1st quarter valued at about $38,000. Finally, Vanguard Group Inc. increased its position in shares of Gevo by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after purchasing an additional 409,693 shares during the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.
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.
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