Gevo (GEVO) Shares Gap Down to $7.57

Shares of Gevo, Inc. (NASDAQ:GEVO) gapped down prior to trading on Thursday . The stock had previously closed at $7.84, but opened at $7.57. Gevo shares last traded at $6.41, with a volume of 2343247 shares trading hands.

Several analysts recently weighed in on the stock. ValuEngine raised shares of Gevo from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research raised shares of Gevo from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, HC Wainwright reaffirmed a “hold” rating on shares of Gevo in a report on Tuesday, May 15th.

The firm has a market cap of $9.25 million, a price-to-earnings ratio of -0.20 and a beta of 2.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.23 and a current ratio of 1.82.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, May 10th. The energy company reported ($2.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($4.80) by $2.60. The firm had revenue of $8.24 million for the quarter, compared to analysts’ expectations of $5.90 million. Gevo had a negative net margin of 70.28% and a negative return on equity of 32.15%. research analysts predict that Gevo, Inc. will post -17.6 earnings per share for the current fiscal year.

Gevo Company Profile

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

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