Positive Media Coverage Somewhat Unlikely to Affect Gevo (GEVO) Share Price
News articles about Gevo (NASDAQ:GEVO) have trended positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Gevo earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news articles about the energy company an impact score of 45.9431377170702 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Gevo (GEVO) traded down $0.01 during midday trading on Friday, reaching $0.62. The company had a trading volume of 377,900 shares, compared to its average volume of 919,271. Gevo has a twelve month low of $0.53 and a twelve month high of $6.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.54 and a quick ratio of 1.23.
Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Monday, November 6th. The energy company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.05. The company had revenue of $7.70 million during the quarter, compared to analysts’ expectations of $5.49 million. Gevo had a negative net margin of 84.42% and a negative return on equity of 40.58%. sell-side analysts expect that Gevo will post -1.69 earnings per share for the current year.
A number of analysts recently issued reports on GEVO shares. Zacks Investment Research raised Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research note on Saturday, September 9th. HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of Gevo in a research note on Wednesday, October 4th. ValuEngine raised Gevo from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Rodman & Renshaw reissued a “buy” rating and set a $12.00 target price on shares of Gevo in a research note on Wednesday, August 9th.
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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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