Gevo (GEVO) Downgraded by HC Wainwright

HC Wainwright downgraded shares of Gevo (NASDAQ:GEVO) from a buy rating to a neutral rating in a research note published on Tuesday morning, Marketbeat.com reports. They currently have $12.00 price objective on the energy company’s stock.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research raised Gevo from a hold rating to a buy rating and set a $0.75 price objective on the stock in a research report on Monday, September 18th. ValuEngine cut Gevo from a sell rating to a strong sell rating in a research report on Monday, October 2nd.

Gevo (NASDAQ GEVO) remained flat at $$0.61 during mid-day trading on Tuesday. The company’s stock had a trading volume of 274,600 shares, compared to its average volume of 777,244. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 0.21. Gevo has a 1-year low of $0.53 and a 1-year high of $4.98. The firm has a market cap of $13.30, a PE ratio of -0.35 and a beta of 3.09.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Monday, November 6th. The energy company reported ($0.36) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.05. Gevo had a negative return on equity of 40.58% and a negative net margin of 84.42%. The business had revenue of $7.70 million for the quarter, compared to analysts’ expectations of $5.49 million. equities analysts predict that Gevo will post -1.69 earnings per share for the current year.

An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. raised its position in Gevo, Inc. (NASDAQ:GEVO) by 22.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 486,959 shares of the energy company’s stock after buying an additional 89,020 shares during the quarter. Vanguard Group Inc. owned about 3.23% of Gevo worth $336,000 at the end of the most recent reporting period. 7.07% 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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