Gevo (GEVO) Reaches New 12-Month Low at $2.42

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.

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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.

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