Gevo Inc (NASDAQ:GEVO) has a beta value of 2.88 and has seen 1.62 million shares traded in the recent trading session. The company, currently valued at $186.94M, closed the recent trade at $0.78 per share which meant it gained $0.03 on the day or 3.46% during that session. The GEVO stock price is -138.46% off its 52-week high price of $1.86 and 23.08% above the 52-week low of $0.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.25 million shares traded. The 3-month trading volume is 6.98 million shares.
Gevo Inc (NASDAQ:GEVO) trade information
Sporting 3.46% in the green today, the stock has traded in the green over the last five days, when the GEVO stock price touched $0.78 or saw a rise of 2.23%. Year-to-date, Gevo Inc shares have moved -32.99%, while the 5-day performance has seen it change 6.58%. Over the past 30 days, the shares of Gevo Inc (NASDAQ:GEVO) have changed -5.54%. Short interest in the company has seen 31.74 million shares shorted with days to cover at 4.96.
Gevo Inc (GEVO) estimates and forecasts
Figures show that Gevo Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -25.97% over the past 6 months, with this year growth rate of -10.71%, compared to 11.90% for the industry. Revenue growth from the last financial year stood is estimated to be 15.50%.
2 analysts offering their estimates for the company have set an average revenue estimate of $4.27 million for the current quarter. 2 have an estimated revenue figure of $4.26 million for the next quarter concluding in Jun 2024. Year-ago sales stood $4.06 million and $4.24 million respectively for this quarter and the next, and analysts expect sales will grow by 5.20% for the current quarter and 0.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 45.44% over the past 5 years. Earnings growth for 2024 is a modest -10.53% while over the next 5 years, the company’s earnings are expected to increase by 25.00%.
GEVO Dividends
Gevo Inc is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Gevo Inc (NASDAQ:GEVO)’s Major holders
Insiders own 3.47% of the company shares, while shares held by institutions stand at 38.07% with a share float percentage of 39.44%. Investors are also buoyed by the number of investors in a company, with Gevo Inc having a total of 166 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 28.79 million shares worth more than $43.76 million. As of Jun 29, 2023, Blackrock Inc. held 12.13% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 13.71 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $20.85 million and represent 5.78% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. As of Aug 30, 2023, the former fund manager holds about 3.50% shares in the company for having 8.3 million shares of worth $10.87 million while later fund manager owns 6.87 million shares of worth $10.44 million as of Jun 29, 2023, which makes it owner of about 2.89% of company’s outstanding stock.
