Shares of Gevo Inc (NASDAQ:GEVO) reached a new 52-week low on Thursday . The company traded as low as $2.42 and last traded at $2.76, with a volume of 1880 shares traded. The stock had previously closed at $2.88.
A number of research firms have commented on GEVO. ValuEngine raised shares of Gevo from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research raised shares of 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 shares of Gevo from a “neutral” rating to a “buy” rating in a report on Friday, September 7th.
The firm has a market capitalization of $24.28 million, a P/E ratio of -0.08 and a beta of 2.61. The company has a current ratio of 7.74, a quick ratio of 7.15 and a debt-to-equity ratio of 0.13.
Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Tuesday, November 6th. The energy company reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.25). The business had revenue of $8.58 million during the quarter, compared to analyst estimates of $7.72 million. Gevo had a negative return on equity of 25.51% and a negative net margin of 76.73%. As a group, research analysts predict that Gevo Inc will post -7.09 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in GEVO. Bank of Montreal Can acquired a new position in Gevo in the second quarter worth $114,000. Jane Street Group LLC acquired a new position in Gevo in the second quarter worth $107,000. BlackRock Inc. boosted its holdings in Gevo by 4,086.6% in the third quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock worth $614,000 after purchasing an additional 151,368 shares during the period. Virtu Financial LLC boosted its holdings in shares of Gevo by 69.1% during the third quarter. Virtu Financial LLC now owns 38,290 shares of the energy company’s stock valued at $152,000 after acquiring an additional 15,651 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Gevo by 254.7% during the third quarter. Renaissance Technologies LLC now owns 563,469 shares of the energy company’s stock valued at $2,231,000 after acquiring an additional 404,625 shares during the period. 12.33% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/12/08/gevo-gevo-reaches-new-12-month-low-at-2-42.html.
Gevo Company Profile (NASDAQ:GEVO)
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.
Further Reading: What is the Consumer Price Index (CPI)?
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.