Gevo (GEVO) Hits New 1-Year High and Low at $0.38

Gevo (NASDAQ:GEVO) hit a new 52-week high and low during trading on Monday . The stock traded as low as $0.38 and last traded at $0.44, with a volume of 498476 shares trading hands. The stock had previously closed at $0.46.

Several brokerages recently issued reports on GEVO. Zacks Investment Research downgraded Gevo from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. HC Wainwright downgraded Gevo from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a research note on Tuesday, January 9th. Finally, ValuEngine raised Gevo from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd.

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The company has a market capitalization of $10.42, a PE ratio of -0.27 and a beta of 2.29. The company has a quick ratio of 1.19, a current ratio of 1.58 and a debt-to-equity ratio of 0.22.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Wednesday, March 28th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.06. The firm had revenue of $6.68 million during the quarter, compared to the consensus estimate of $5.70 million. Gevo had a negative return on equity of 38.20% and a negative net margin of 89.44%. sell-side analysts anticipate that Gevo will post -0.83 EPS for the current year.

An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. grew its position in Gevo (NASDAQ:GEVO) by 22.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 486,959 shares of the energy company’s stock after purchasing an additional 89,020 shares during the period. Vanguard Group Inc. owned about 3.23% of Gevo worth $336,000 at the end of the most recent quarter. 4.04% of the stock is currently owned by institutional investors.

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Gevo Company Profile

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

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