In the latest trading session, 0.49 million Gevo Inc (NASDAQ:GEVO) shares changed hands as the company’s beta touched 3.06. With the company’s most recent per share price at $1.25 changing hands around $0.02 or 1.22% at last look, the market valuation stands at $299.19M. GEVO’s current price is a discount, trading about -84.0% off its 52-week high of $2.30. The share price had its 52-week low at $0.97, which suggests the last value was 22.4% up since then. When we look at Gevo Inc’s average trading volume, we note the 10-day average is 3.96 million shares, with the 3-month average coming to 3.85 million.
Analysts gave the Gevo Inc (GEVO) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended GEVO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Gevo Inc’s EPS for the current quarter is expected to be -$0.06.
Gevo Inc (NASDAQ:GEVO) trade information
Instantly GEVO is in green as seen in intraday trades today. With action 15.28%, the performance over the past five days has been green. The jump to weekly highs of 1.2700 on Friday, 11/17/23 added 1.22% to the stock’s daily price. The company’s shares are showing year-to-date downside of -34.47%, with the 5-day performance at 15.28% in the green. However, in the 30-day time frame, Gevo Inc (NASDAQ:GEVO) is 22.06% up. Looking at the short shares, we see there were 34.47 million shares sold at short interest cover period of 7.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is $4.52, meaning bulls need an upside of 72.35% from its recent market value. According to analyst projections, GEVO’s forecast low is $1.50 with $14.00 as the target high. To hit the forecast high, the stock’s price needs a -1020.0% plunge from its current level, while the stock would need to soar -20.0% for it to hit the projected low.
Gevo Inc (GEVO) estimates and forecasts
Data shows that the Gevo Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -1.19% over the past 6 months, a 21.21% in annual growth rate that is considerably higher than the industry average of -3.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Gevo Inc will rise 45.50%, while the growth in revenue is estimated to hit 14.30% for the next quarter. Year-over-year growth is forecast to reach 1,349.40% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $4.45 million. 5 analysts are of the opinion that Gevo Inc’s revenue for the quarter ending Mar 2024 will be $4.87 million. The company’s revenue for the corresponding quarters a year ago was $545k and $4.06 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 716.50%. The estimates for the next quarter sales put growth at 20.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 57.03%. The 2023 estimates are for Gevo Inc earnings to increase by 23.96%, but the outlook for the next 5-year period is at 25.00% per year.
Gevo Inc is expected to release its next quarterly earnings report on November 13.
Gevo Inc (NASDAQ:GEVO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.93% of Gevo Inc shares while 45.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.07%. There are 45.69% institutions holding the Gevo Inc stock share, with Blackrock Inc. the top institutional holder. As of Sep 29, 2023, the company held 11.65% of the shares, roughly 28.01 million GEVO shares worth $35.01 million.
State Street Corporation holds the second largest percentage of outstanding shares, with 5.69% or 13.68 million shares worth $17.1 million as of Sep 29, 2023.
Among Mutual Funds, the top two as of Sep 29, 2023 were SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. With 9.52 million shares estimated at $11.9 million under it, the former controlled 3.96% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.86% of the shares, roughly 6.87 million shares worth around $8.59 million.