Gevo, Inc. (GEVO) Trading -12.3% Higher
Gevo, Inc. (NASDAQ:GEVO)’s share price traded up 12.3% on Friday . The company traded as high as $0.96 and last traded at $0.71. 3,738,117 shares traded hands during trading, an increase of 702% from the average session volume of 466,366 shares. The stock had previously closed at $0.81.
A number of equities analysts have weighed in on the stock. Rodman & Renshaw restated a “buy” rating and set a $12.00 price objective on shares of Gevo in a research report on Wednesday, August 9th. HC Wainwright set a $12.00 price objective on shares of Gevo and gave the stock a “buy” rating in a research report on Friday, August 4th. ValuEngine upgraded shares of Gevo from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Gevo from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th.
The company’s market capitalization is $12.00 million. The firm has a 50-day moving average price of $0.60 and a 200-day moving average price of $0.79.
Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, August 3rd. The energy company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.10. The company had revenue of $7.54 million for the quarter, compared to analyst estimates of $5.63 million. Gevo had a negative net margin of 108.84% and a negative return on equity of 43.79%. On average, equities analysts predict that Gevo, Inc. will post ($2.00) EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in GEVO. Sabby Management LLC acquired a new position in shares of Gevo during the 1st quarter worth $1,274,000. Virtu KCG Holdings LLC raised its stake in shares of Gevo by 557.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 182,390 shares of the energy company’s stock worth $126,000 after buying an additional 154,654 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Gevo by 22.4% during the 2nd quarter. Vanguard Group Inc. now owns 486,959 shares of the energy company’s stock worth $336,000 after buying an additional 89,020 shares during the last quarter. 13.14% of the stock is owned by institutional investors and hedge funds.
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Gevo Company Profile
Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.
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