Gevo, Inc. (NASDAQ:GEVO – Get Free Report)’s share price was up 1.5% during trading on Tuesday after UBS Group raised their price target on the stock from $0.85 to $3.25. UBS Group currently has a neutral rating on the stock. Gevo traded as high as $3.39 and last traded at $3.34. Approximately 3,895,194 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 5,670,765 shares. The stock had previously closed at $3.29.
Separately, HC Wainwright restated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Friday, October 18th.
View Our Latest Stock Analysis on GEVO
Insider Buying and Selling
Institutional Investors Weigh In On Gevo
Several large investors have recently added to or reduced their stakes in the stock. Alternative Investment Advisors LLC. bought a new stake in Gevo during the second quarter worth approximately $51,000. Point72 DIFC Ltd bought a new stake in Gevo during the second quarter worth approximately $64,000. Cubist Systematic Strategies LLC bought a new stake in Gevo during the second quarter worth approximately $112,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Gevo during the second quarter worth approximately $295,000. Finally, Millennium Management LLC bought a new stake in Gevo during the second quarter worth approximately $2,888,000. 35.17% of the stock is owned by institutional investors.
Gevo Stock Performance
The stock has a market cap of $711.06 million, a P/E ratio of -10.38 and a beta of 2.98. The business has a 50 day moving average price of $1.37 and a 200 day moving average price of $0.90. The company has a quick ratio of 10.09, a current ratio of 10.22 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) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, sell-side analysts expect that Gevo, Inc. will post -0.34 EPS for the current year.
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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