Gevo Inc (NASDAQ:GEVO) has a beta value of 2.94 and has seen 7.19 million shares traded in the last trading session. The company, currently valued at $515.69M, closed the last trade at $2.24 per share which meant it lost -$0.09 on the day or -3.86% during that session. The GEVO stock price is -51.34% off its 52-week high price of $3.39 and 78.57% 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 9.86 million shares traded. The 3-month trading volume is 7.47 million shares.
The consensus among analysts is that Gevo Inc (GEVO) is Hold stock at the moment, with a recommendation rating of 2.00. 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 -0.07.
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Gevo Inc (NASDAQ:GEVO) trade information
Sporting -3.86% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GEVO stock price touched $2.24 or saw a rise of 27.27%. Year-to-date, Gevo Inc shares have moved 93.10%, while the 5-day performance has seen it change -24.32%. Over the past 30 days, the shares of Gevo Inc (NASDAQ:GEVO) have changed 37.42%. Short interest in the company has seen 30.69 million shares shorted with days to cover at 3.6.
Wall Street analysts have a consensus price target for the stock at $2.25, which means that the shares’ value could jump 0.44% 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 -123.21% off the targeted high while a plunge would see the stock lose 33.04% 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 239.60% over the past 6 months, with this year growth rate of -21.43%, compared to -6.00% for the industry. Revenue growth from the last financial year stood is estimated to be 16.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of 5.42M for the current quarter. 2 have an estimated revenue figure of 5.34M 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 19.70% for the current quarter and 16.30% 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 -12.93% 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 December 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 23.88% with a share float percentage of 24.97%. Investors are also buoyed by the number of investors in a company, with Gevo Inc having a total of 141.0 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.
