Market Recap: Gevo Inc (GEVO)’s Negative Momentum, Closing at 0.66

For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.

The closing price of Gevo Inc (NASDAQ: GEVO) was $0.66 for the day, down -0.18% from the previous closing price of $0.66. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 4.09 million shares were traded. GEVO stock price reached its highest trading level at $0.6936 during the session, while it also had its lowest trading level at $0.6305.

Ratios:

Our analysis of GEVO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 12.62 and its Current Ratio is at 12.80. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on August 21, 2023, initiated with a Market Perform rating and assigned the stock a target price of $2.

On December 14, 2022, UBS started tracking the stock assigning a Neutral rating and target price of $2.25.

On October 19, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $2.30.Jefferies initiated its Hold rating on October 19, 2022, with a $2.30 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 26 ’23 when Shafer Andrew sold 24,978 shares for $1.23 per share. The transaction valued at 30,723 led to the insider holds 156,841 shares of the business.

Nurmat Alisher K sold 586 shares of GEVO for $627 on Dec 12 ’23. The VP Accounting and Treasurer now owns 104,919 shares after completing the transaction at $1.07 per share. On Aug 23 ’23, another insider, Gruber Patrick R., who serves as the Chief Executive Officer of the company, sold 171,549 shares for $1.38 each. As a result, the insider received 236,395 and left with 2,963,646 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GEVO now has a Market Capitalization of 159476768 and an Enterprise Value of -49028972. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.10 while its Price-to-Book (P/B) ratio in mrq is 0.29. Its current Enterprise Value per Revenue stands at -2.862 whereas that against EBITDA is 0.752.

Stock Price History:

The Beta on a monthly basis for GEVO is 2.91, which has changed by -0.4634146 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, GEVO has reached a high of $1.86, while it has fallen to a 52-week low of $0.57. The 50-Day Moving Average of the stock is -8.48%, while the 200-Day Moving Average is calculated to be -39.05%.

Shares Statistics:

GEVO traded an average of 6.43M shares per day over the past three months and 5450330 shares per day over the past ten days. A total of 240.50M shares are outstanding, with a floating share count of 226.99M. Insiders hold about 3.96% of the company’s shares, while institutions hold 38.78% stake in the company. Shares short for GEVO as of 1713139200 were 30806613 with a Short Ratio of 4.79, compared to 1710460800 on 31737736. Therefore, it implies a Short% of Shares Outstanding of 30806613 and a Short% of Float of 13.139999999999999.

Earnings Estimates

Investors are eagerly awaiting the insights provided by 2.0 analysts currently analyzing and rating the stock of Gevo Inc (GEVO).On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.09, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.06 and low estimates of -$0.1.

Analysts are recommending an EPS of between -$0.23 and -$0.39 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.39, with 2.0 analysts recommending between -$0.25 and -$0.52.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $5M to a low estimate of $4.52M. As of the current estimate, Gevo Inc’s year-ago sales were $4.24MFor the next quarter, 3 analysts are estimating revenue of $5.14M. There is a high estimate of $5.7M for the next quarter, whereas the lowest estimate is $4.71M.

A total of 4 analysts have provided revenue estimates for GEVO’s current fiscal year. The highest revenue estimate was $20.75M, while the lowest revenue estimate was $18.73M, resulting in an average revenue estimate of $19.83M. In the same quarter a year ago, actual revenue was $17.2MBased on 3 analysts’ estimates, the company’s revenue will be $28.04M in the next fiscal year. The high estimate is $35.32M and the low estimate is $24M.

Most Popular

[the_ad id="945"]