Gevo Inc (NASDAQ:GEVO) has a beta value of 3.00 and has seen 6.45 million shares traded in the last trading session. The company, currently valued at $493.31M, closed the last trade at $2.06 per share which meant it gained $0.15 on the day or 7.85% during that session. The GEVO stock price is 0.97% off its 52-week high price of $2.04 and 76.7% above the 52-week low of $0.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.99 million shares traded. The 3-month trading volume is 4.96 million shares.
The consensus among analysts is that Gevo Inc (GEVO) is Hold stock at the moment, with a recommendation rating of 2.33. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.08.
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Gevo Inc (NASDAQ:GEVO) trade information
Sporting 7.85% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GEVO stock price touched $2.06 or saw a rise of 1.9%. Year-to-date, Gevo Inc shares have moved 77.59%, while the 5-day performance has seen it change 22.62%. Over the past 30 days, the shares of Gevo Inc (NASDAQ:GEVO) have changed 123.91%. Short interest in the company has seen 28.53 million shares shorted with days to cover at 3.56.
Wall Street analysts have a consensus price target for the stock at $2.25, which means that the shares’ value could jump 8.44% from current levels. The projected low price target is $1.5 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -142.72% off the targeted high while a plunge would see the stock lose 27.18% from current levels.
Gevo Inc (GEVO) estimates and forecasts
Figures show that Gevo Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 226.98% over the past 6 months, with this year growth rate of -21.43%, compared to -6.30% for the industry. Revenue growth from the last financial year stood is estimated to be 14.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of 5.39M for the current quarter. 2 have an estimated revenue figure of 5.31M for the next ending quarter. Year-ago sales stood 4.53M and 4.37M respectively for this quarter and the next, and analysts expect sales will grow by 19.00% for the current quarter and 14.30% 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 -10.67% 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 in November 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 4.36% of the company shares, while shares held by institutions stand at 23.92% with a share float percentage of 25.01%. Investors are also buoyed by the number of investors in a company, with Gevo Inc having a total of 147.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 17.31 million shares worth more than $9.65 million. As of 2024-06-30, VANGUARD GROUP INC held 7.1889% of shares outstanding.
The other major institutional holder is MILLENNIUM MANAGEMENT LLC, with the holding of over 5.18 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.89 million and represent 2.1523% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.41% shares in the company for having 8.17 shares of worth $16.84 million while later fund manager owns 3.82 shares of worth $7.88 million as of Jun 30, 2024 , which makes it owner of about 1.60% of company’s outstanding stock.
