In today’s recent session, 2.04 million shares of the Gevo Inc (NASDAQ:GEVO) have been traded, and its beta is 2.69. Most recently the company’s share price was $1.90, and it changed around $0.03 or 1.72% from the last close, which brings the market valuation of the company to $455.40M. GEVO at last check was trading at a discount to its 52-week high of $3.39, offering almost -78.42% off that amount. The share price’s 52-week low was $0.48, which indicates that the recent value has risen by an impressive 74.74% since then. We note from Gevo Inc’s average daily trading volume that its 10-day average is 4.61 million shares, with the 3-month average coming to 6.68 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 -0.09 for the current quarter.
Gevo Inc (NASDAQ:GEVO) trade information
Instantly GEVO has been showing a green trend so far today with a performance of 1.72% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.0050 on recent trading dayincreased the stock’s daily price by 5.24%. The company’s shares are currently down -8.99% year-to-date, but still up 8.70% over the last five days. On the other hand, Gevo Inc (NASDAQ:GEVO) is -18.36% down in the 30-day period. We can see from the shorts that 32.51 million shares have been sold at a short interest cover period of 3.17 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 15.56% 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
The year-over-year growth rate is expected to be -10.89%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 3.85M in revenue for the current quarter. 2 analysts expect Gevo Inc to make 31.81M 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 -11.98%. Forecasts for the next quarter put sales growth at 697.22%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 45.44%. Gevo Inc earnings are expected to increase by -32.67% in 2025, but the outlook is negative -7.55% per year for the next five years.
GEVO Dividends
Gevo Inc’s next quarterly earnings report is expected to be released in March.
Gevo Inc (NASDAQ:GEVO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.37% of Gevo Inc shares, and 18.80% of them are in the hands of institutional investors. The stock currently has a share float of 19.66%. Gevo Inc stock is held by 130.0 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 $15.45 million, making up 3.41% of all outstanding shares. On the other hand, Vanguard Energy Index Fund held roughly 4.61 shares worth around $8.71 million, which represents about 1.93% of the total shares outstanding.
