Gevo, Inc. (GEVO) Sees Large Volume Increase
Shares of Gevo, Inc. (NASDAQ:GEVO) saw unusually-strong trading volume on Friday . Approximately 1,223,311 shares traded hands during trading, a decline of 1% from the previous session’s volume of 1,234,372 shares.The stock last traded at $0.69 and had previously closed at $0.61.
A number of research analysts recently weighed in on GEVO shares. HC Wainwright set a $12.00 price target on shares of Gevo and gave the company a “buy” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of Gevo from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research report on Tuesday, August 8th. Rodman & Renshaw reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Gevo in a research report on Wednesday, August 9th. Finally, ValuEngine raised shares of Gevo from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.
The company has a current ratio of 1.45, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20.
Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.10. The business had revenue of $7.54 million for the quarter, compared to analyst estimates of $5.63 million. Gevo had a negative net margin of 108.84% and a negative return on equity of 43.79%. research analysts forecast that Gevo, Inc. will post -2 EPS for the current year.
An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. boosted its stake in Gevo, Inc. (NASDAQ:GEVO) by 22.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 486,959 shares of the energy company’s stock after acquiring an additional 89,020 shares during the period. Vanguard Group Inc. owned 3.23% of Gevo worth $336,000 as of its most recent filing with the SEC. 12.64% of the stock is currently owned by institutional investors and hedge funds.
Gevo Company Profile
Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.
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