Gevo (NASDAQ:GEVO) was downgraded by research analysts at HC Wainwright from a “buy” rating to a “neutral” rating in a report released on Tuesday. They presently have a $12.00 price objective on the energy company’s stock.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Gevo from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Friday, January 5th. ValuEngine downgraded shares of Gevo from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th.
Shares of Gevo (GEVO) remained flat at $$0.61 during trading on Tuesday. 274,600 shares of the stock traded hands, compared to its average volume of 777,244. The firm has a market cap of $13.30, a price-to-earnings ratio of -0.35 and a beta of 3.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 1.54. Gevo has a 52 week low of $0.53 and a 52 week high of $4.98.
Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Monday, November 6th. The energy company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.05. Gevo had a negative net margin of 84.42% and a negative return on equity of 40.58%. The business had revenue of $7.70 million during the quarter, compared to the consensus estimate of $5.49 million. analysts forecast that Gevo will post -1.69 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Gevo stock. Virtu KCG Holdings LLC grew its position in Gevo, Inc. (NASDAQ:GEVO) by 557.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 182,390 shares of the energy company’s stock after purchasing an additional 154,654 shares during the period. Virtu KCG Holdings LLC owned approximately 1.21% of Gevo worth $126,000 as of its most recent SEC filing. Institutional investors and hedge funds own 7.07% of the company’s stock.
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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