Gevo (NASDAQ:GEVO) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Gevo from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research note on Wednesday, September 12th. HC Wainwright upgraded Gevo from a “neutral” rating to a “buy” rating in a research note on Friday, September 7th.
Shares of NASDAQ GEVO traded up $0.05 during mid-day trading on Thursday, reaching $3.30. 94,200 shares of the company were exchanged, compared to its average volume of 703,102. The company has a debt-to-equity ratio of 0.12, a current ratio of 11.09 and a quick ratio of 10.19. The stock has a market capitalization of $24.34 million, a P/E ratio of -0.10 and a beta of 2.64. Gevo has a 1 year low of $2.75 and a 1 year high of $24.74.
Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Wednesday, August 8th. The energy company reported ($3.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.80) by $2.49. The firm had revenue of $9.42 million during the quarter, compared to analysts’ expectations of $5.90 million. Gevo had a negative return on equity of 26.55% and a negative net margin of 70.32%. As a group, equities research analysts anticipate that Gevo will post -6.73 earnings per share for the current fiscal year.
In other Gevo news, CEO Patrick R. Gruber purchased 10,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was bought at an average cost of $2.93 per share, for a total transaction of $29,300.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Johannes Minho Roth purchased 137,170 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was acquired at an average price of $3.07 per share, with a total value of $421,111.90. Following the completion of the purchase, the director now owns 19,424 shares of the company’s stock, valued at approximately $59,631.68. The disclosure for this purchase can be found here. Company insiders own 0.05% of the company’s stock.
A hedge fund recently raised its stake in Gevo stock. Bank of Montreal Can raised its holdings in Gevo Inc (NASDAQ:GEVO) by 100.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,000 shares of the energy company’s stock after buying an additional 30,000 shares during the quarter. Bank of Montreal Can owned about 0.74% of Gevo worth $238,000 at the end of the most recent reporting period. 5.01% of the stock is owned by hedge funds and other institutional investors.
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.
See Also: What are the Different Types of Leveraged Buyouts?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.