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Gevo Inc (NASDAQ: GEVO)’s Stock Performance and Outlook

In the last trading session, 7.7 million Gevo Inc (NASDAQ:GEVO) shares changed hands as the company’s beta touched 2.91. With the company’s per share price at $0.92 changed hands at $0.02 or 2.59% during last session, the market valuation stood at $221.21M. GEVO’s last price was a discount, traded about -134.78% off its 52-week high of $2.16. The share price had its 52-week low at $0.78, which suggests the last value was 15.22% up since then. When we look at Gevo Inc’s average trading volume, we note the 10-day average is 5.43 million shares, with the 3-month average coming to 1.37.

Gevo Inc (NASDAQ:GEVO) trade information

Instantly GEVO was in green as seen at the end of in last trading. With action 5.25%, the performance over the past five days has been green. The jump to weekly highs of 0.9478 added 2.59% to the stock’s daily price. The company’s shares are showing year-to-date downside of -20.71%, with the 5-day performance at 5.25% in the green. However, in the 30-day time frame, Gevo Inc (NASDAQ:GEVO) is -11.56% down. Looking at the short shares, we see there were 29.44 million shares sold at short interest cover period of 4.71 days.

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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 -41.04% over the past 6 months, a 21.21% in annual growth rate that is considerably higher than the industry average of -4.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Gevo Inc will rise 54.50%, while the growth in revenue is estimated to hit 14.30% for the next quarter. Year-over-year growth is forecast to reach 1,370.60% 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 $4.42 million. 5 analysts are of the opinion that Gevo Inc’s revenue for the quarter ending Mar 2024 will be $4.53 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 711.00%. The estimates for the next quarter sales put growth at 11.60%.

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 2024 estimates are for Gevo Inc earnings to increase by 23.89%, but the outlook for the next 5-year period is at 25.00% per year.

Gevo Inc (NASDAQ:GEVO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.36% of Gevo Inc shares while 37.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 38.94%. There are 37.63% institutions holding the Gevo Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 12.13% of the shares, roughly 28.79 million GEVO shares worth $43.76 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 5.78% or 13.71 million shares worth $20.85 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. With 8.3 million shares estimated at $10.87 million under it, the former controlled 3.50% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.89% of the shares, roughly 6.87 million shares worth around $10.44 million.

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