Gevo Inc (NASDAQ:GEVO)’s traded shares stood at 7.45 million during the latest session, with the company’s beta value hitting 2.85. At the last check today, the stock’s price was $1.89, to imply an increase of 25.05% or $0.38 in intraday trading. The GEVO share’s 52-week high remains $3.39, putting it -79.37% down since that peak but still an impressive 74.6% since price per share fell to its 52-week low of $0.48. The company has a valuation of $452.08M, with an average of 3.48 million shares in intraday trading volume over the past 10 days and average of 7.19 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 2.33. 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 25.05% upside in the latest session, Gevo Inc (GEVO) has traded red over the past five days. The 5-day price performance for the stock is 26.73%, and 9.78% over 30 days. With these gigs, the year-to-date price performance is 62.78%. Short interest in Gevo Inc (NASDAQ:GEVO) saw shorts transact 26.84 million shares and set a 3.84 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 -164.55% off suggested target high and 20.63% 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 204.86% up over the last 6 months, with its year-to-date growth rate lower than industry average at -21.43% against -3.00%. The rating firms project that company’s revenue will shrink -11.84% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 3.95M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 6.49M.Earnings reports from the last fiscal year show that sales brought in 4.37M and 3.99M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.71% before jumping 62.72% 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 -11.42% 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 January. 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 18.62% of the shares at 19.47% float percentage. In total, 18.62% 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.
