In the last trading session, 11.08 million shares of the Gevo Inc (NASDAQ:GEVO) were traded, and its beta was 2.75. Most recently the company’s share price was $1.95, and it changed around -$0.25 or -11.36% from the last close, which brings the market valuation of the company to $466.85M. GEVO currently trades at a discount to its 52-week high of $3.39, offering almost -73.85% off that amount. The share price’s 52-week low was $0.48, which indicates that the current value has risen by an impressive 75.38% since then. We note from Gevo Inc’s average daily trading volume that its 10-day average is 10.65 million shares, with the 3-month average coming to 8.00 million.
Gevo Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended GEVO as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Gevo Inc is expected to report earnings per share of -0.07 for the current quarter.
Gevo Inc (NASDAQ:GEVO) trade information
Instantly GEVO has showed a red trend with a performance of -11.36% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.32 on recent trading dayincreased the stock’s daily price by 15.95%. The company’s shares are currently down -6.70% year-to-date, but still down -9.30% over the last five days. On the other hand, Gevo Inc (NASDAQ:GEVO) is 24.20% up in the 30-day period. We can see from the shorts that 32.26 million shares have been sold at a short interest cover period of 5.22 day(s).
The consensus price target as assigned by Wall Street analysts is $2.25, which translates to bulls needing to increase their stock price by 13.33% from its current value. Analyst projections state that GEVO is forecast to be at a low of $1.5 and a high of $5.
Gevo Inc (GEVO) estimates and forecasts
Gevo Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 214.52 percent over the past six months and at a -17.86% annual growth rate that is well below the industry average of -5.60%. The year-over-year growth rate is expected to be -11.84%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 3.95M in revenue for the current quarter. 1 analysts expect Gevo Inc to make 6.49M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.37M and 3.99M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.71%. Forecasts for the next quarter put sales growth at 62.72%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 45.44%.
GEVO Dividends
Gevo Inc’s next quarterly earnings report is expected to be released in February.
Gevo Inc (NASDAQ:GEVO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.36% of Gevo Inc shares, and 18.65% of them are in the hands of institutional investors. The stock currently has a share float of 19.50%. Gevo Inc stock is held by 125.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.1889% of the shares, which is about 17.31 million shares worth $9.65 million.
MILLENNIUM MANAGEMENT LLC, with 2.1523% or 5.18 million shares worth $2.89 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Energy Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 8.17 shares worth $15.94 million, making up 3.41% of all outstanding shares. On the other hand, Vanguard Energy Index Fund held roughly 4.89 shares worth around $9.54 million, which represents about 2.04% of the total shares outstanding.
