Gevo Inc (NASDAQ:GEVO)’s traded shares stood at 5.6 million during the last session, with the company’s beta value hitting 2.98. At the close of trading, the stock’s price was $2.85, to imply a decrease of -2.23% or -$0.06 in intraday trading. The GEVO share’s 52-week high remains $3.39, putting it -18.95% down since that peak but still an impressive 83.16% since price per share fell to its 52-week low of $0.48. The company has a valuation of $681.29M, with an average of 15.51 million shares in intraday trading volume over the past 10 days and average of 6.85 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Gevo Inc (GEVO), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 1 analyst(s) give GEVO a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.
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Gevo Inc (NASDAQ:GEVO) trade information
After registering a -2.23% downside in the last session, Gevo Inc (GEVO) has traded red over the past five days. The 5-day price performance for the stock is 7.36%, and 106.16% over 30 days. With these gigs, the year-to-date price performance is 145.26%. Short interest in Gevo Inc (NASDAQ:GEVO) saw shorts transact 28.53 million shares and set a 3.56 days time to cover.
The extremes give us $1.5 and $5 for target low and target high price respectively. As such, GEVO has been trading -75.44% off suggested target high and 47.37% from its likely low.
Gevo Inc (GEVO) estimates and forecasts
Looking at statistics comparing Gevo Inc share performance against respective industry, we note that the company has underperformed competitors. Gevo Inc (GEVO) shares are 376.87% up over the last 6 months, with its year-to-date growth rate lower than industry average at -21.43% against -3.30%. The rating firms project that company’s revenue will grow 16.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 5.42M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 5.34M.Earnings reports from the last fiscal year show that sales brought in 4.53M and 4.37M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 19.70% before jumping 22.10% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 45.44% for the past 5-year period. While 2024 is set for a -8.87% return in earnings, projections for the next 5 years are at 25.00% annually.
GEVO Dividends
Gevo Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Gevo Inc (NASDAQ:GEVO)’s Major holders
Gevo Inc insiders hold 4.36% of total outstanding shares, with institutional holders owning 23.85% of the shares at 24.93% float percentage. In total, 23.85% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 17.31 million shares (or 7.1889% of shares), all amounting to roughly $9.65 million.
The next major institution holding the largest number of shares is MILLENNIUM MANAGEMENT LLC with 5.18 million shares, or about 2.1523% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.89 million.