In the latest trading session, 3.01 million Gevo Inc (NASDAQ:GEVO) shares changed hands as the company’s beta touched 2.75. With the company’s most recent per share price at $2.15 changed hands at -$0.11 or -4.87% at last look, the market valuation stands at $514.73M. GEVO’s current price is a discount, trading about -57.67% off its 52-week high of $3.39. The share price had its 52-week low at $0.48, which suggests the last value was 77.67% up since then. When we look at Gevo Inc’s average trading volume, we note the 10-day average is 16.13 million shares, with the 3-month average coming to 8.84 million.
Analysts gave the Gevo Inc (GEVO) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 1 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended GEVO as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Gevo Inc’s EPS for the current quarter is expected to be -0.07.
Gevo Inc (NASDAQ:GEVO) trade information
Instantly GEVO was in red as seen in intraday trades today. With action -24.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 2.87%, with the 5-day performance at -24.56% in the red. However, in the 30-day time frame, Gevo Inc (NASDAQ:GEVO) is 46.26% up. Looking at the short shares, we see there were 27.69 million shares sold at short interest cover period of 6.98 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.25, meaning bulls need an upside of 4.44% from its recent market value. According to analyst projections, GEVO’s forecast low is 1.5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -132.56% plunge from its current level, while the stock would need to tank 30.23% for it to hit the projected low.
Gevo Inc (GEVO) estimates and forecasts
Data shows that the Gevo Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 242.85% over the past 6 months, a -17.86% in annual growth rate that is considerably lower than the industry average of -3.90%. Year-over-year growth is forecast to reach -11.84% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 3.95M. 1 analysts are of the opinion that Gevo Inc’s revenue for the current quarter will be 6.49M. The company’s revenue for the corresponding quarters a year ago was 4.37M and 3.99M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.71%. The estimates for the next quarter sales put growth at 62.72%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 45.44%. The 2025 estimates are for Gevo Inc earnings to decrease by -15.71%.
GEVO Dividends
Gevo Inc is expected to release its next quarterly earnings report in February.
Gevo Inc (NASDAQ:GEVO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.36% of Gevo Inc shares while 18.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.48%. There are 18.63% institutions holding the Gevo Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.1889% of the shares, roughly 17.31 million GEVO shares worth $9.65 million.
MILLENNIUM MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 2.1523% or 5.18 million shares worth $2.89 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Energy Index Fund. With 8.17 shares estimated at $17.43 million under it, the former controlled 3.41% of total outstanding shares. On the other hand, Vanguard Energy Index Fund held about 2.04% of the shares, roughly 4.89 shares worth around $10.43 million.
