Gevo (NASDAQ:GEVO) issued its quarterly earnings data on Tuesday. The energy company reported ($0.85) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.25), Morningstar.com reports. The company had revenue of $8.58 million for the quarter, compared to the consensus estimate of $7.72 million. Gevo had a negative net margin of 70.32% and a negative return on equity of 26.55%. Gevo updated its FY 2018 guidance to EPS.
Shares of NASDAQ GEVO traded down $0.10 during midday trading on Wednesday, reaching $3.27. 346,925 shares of the company traded hands, compared to its average volume of 769,046. The stock has a market cap of $26.68 million, a PE ratio of -0.10 and a beta of 2.64. Gevo has a 12 month low of $2.75 and a 12 month high of $24.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 10.19 and a current ratio of 11.09.
In other Gevo news, CEO Patrick R. Gruber purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was acquired at an average cost of $2.93 per share, with a total value of $29,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Johannes Minho Roth purchased 137,170 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was acquired at an average cost of $3.07 per share, with a total value of $421,111.90. Following the completion of the acquisition, the director now directly owns 19,424 shares of the company’s stock, valued at $59,631.68. The disclosure for this purchase can be found here. 0.05% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in Gevo stock. Jane Street Group LLC purchased a new stake in Gevo Inc (NASDAQ:GEVO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,231 shares of the energy company’s stock, valued at approximately $107,000. Jane Street Group LLC owned about 0.61% of Gevo as of its most recent SEC filing. Hedge funds and other institutional investors own 4.88% of the company’s stock.
A number of research analysts have issued reports on GEVO shares. ValuEngine raised Gevo from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research raised Gevo from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Wednesday, September 12th. Finally, HC Wainwright raised Gevo from a “neutral” rating to a “buy” rating in a report on Friday, September 7th.
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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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