Gevo, Inc. (NASDAQ:GEVO – Get Free Report) shares traded up 1.5% 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. 3,895,194 shares were traded during trading, a decline of 31% from the average session volume of 5,670,765 shares. The stock had previously closed at $3.29.
Separately, HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday, October 18th.
Get Our Latest Analysis on GEVO
Insider Buying and Selling at Gevo
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Alternative Investment Advisors LLC. bought a new position in shares of Gevo during the second quarter valued at about $51,000. Point72 DIFC Ltd purchased a new stake in Gevo during the second quarter worth about $64,000. Cubist Systematic Strategies LLC purchased a new stake in Gevo during the second quarter worth about $112,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gevo during the second quarter worth about $295,000. Finally, Millennium Management LLC purchased a new stake in Gevo during the second quarter worth about $2,888,000. 35.17% of the stock is owned by institutional investors.
Gevo Price Performance
The business’s fifty day moving average is $1.42 and its 200-day moving average is $0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The firm has a market cap of $687.44 million, a PE ratio of -10.03 and a beta of 2.98.
Gevo (NASDAQ:GEVO – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The business had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. During the same quarter last year, the company posted ($0.06) earnings per share. On average, research analysts predict that Gevo, Inc. will post -0.34 earnings per share for the current fiscal 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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