Gevo Inc (NASDAQ:GEVO) shares gapped down prior to trading on Tuesday . The stock had previously closed at $1.03, but opened at $0.99. Gevo shares last traded at $0.79, with a volume of 2,275,141 shares trading hands.
Several equities analysts have issued reports on the company. Noble Financial reiterated a “buy” rating and issued a $3.00 price objective on shares of Gevo in a research report on Thursday, March 19th. ValuEngine raised Gevo from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd.
The company has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.53. The company has a market capitalization of $15.63 million, a price-to-earnings ratio of -0.33 and a beta of 2.12.
Gevo (NASDAQ:GEVO) last released its earnings results on Tuesday, May 12th. The energy company reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.15). The firm had revenue of $3.83 million during the quarter, compared to analyst estimates of $0.54 million. Gevo had a negative net margin of 145.04% and a negative return on equity of 41.63%. Analysts forecast that Gevo Inc will post -1.63 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Gevo by 7.9% during the fourth quarter. Renaissance Technologies LLC now owns 575,294 shares of the energy company’s stock worth $1,329,000 after purchasing an additional 41,900 shares during the period. Credit Agricole S A acquired a new stake in shares of Gevo during the fourth quarter worth $52,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Gevo during the fourth quarter worth $50,000. 8.69% of the stock is owned by institutional investors.
Gevo Company Profile (NASDAQ:GEVO)
Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.
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