Shares of Gevo, Inc. (NASDAQ:GEVO) shot up 9% during mid-day trading on Friday . The company traded as high as $0.71 and last traded at $0.64. 1,293,771 shares were traded during trading, a decline of 26% from the average session volume of 1,742,733 shares. The stock had previously closed at $0.70.
A number of brokerages recently commented on GEVO. ValuEngine cut Gevo from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. HC Wainwright restated a “buy” rating and set a $12.00 target price on shares of Gevo in a report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a report on Thursday, November 9th.
The company has a market capitalization of $12.78, a price-to-earnings ratio of -0.37 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 (NASDAQ:GEVO) last announced its earnings results on Monday, November 6th. The energy company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.70 million during the quarter, compared to analysts’ expectations of $5.49 million. research analysts anticipate that Gevo, Inc. will post -1.69 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. grew its stake in Gevo, Inc. (NASDAQ:GEVO) by 22.4% in the 2nd quarter, according to its most recent filing with the 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 3.23% of Gevo worth $336,000 as of its most recent filing with the SEC. 7.07% of the stock is currently owned by institutional investors.
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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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