ValuEngine Downgrades Gevo, Inc. (GEVO) to Strong Sell
ValuEngine cut shares of Gevo, Inc. (NASDAQ:GEVO) from a sell rating to a strong sell rating in a report issued on Monday.
A number of other equities analysts have also commented on GEVO. Zacks Investment Research lowered shares of Gevo from a buy rating to a hold rating in a report on Thursday, September 28th. Rodman & Renshaw reiterated a buy rating and issued a $12.00 price objective on shares of Gevo in a report on Wednesday, August 9th. Finally, HC Wainwright set a $12.00 price objective on shares of Gevo and gave the stock a buy rating in a report on Friday, August 4th.
Gevo (NASDAQ:GEVO) traded up 7.8360% during mid-day trading on Monday, reaching $0.7101. The company’s stock had a trading volume of 4,421,230 shares. The stock’s 50 day moving average price is $0.62 and its 200 day moving average price is $0.76. The stock’s market capitalization is $11.51 million. Gevo has a 1-year low of $0.53 and a 1-year high of $9.60.
Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.10. Gevo had a negative net margin of 108.84% and a negative return on equity of 43.79%. The firm had revenue of $7.54 million for the quarter, compared to analyst estimates of $5.63 million. Analysts expect that Gevo will post ($2.00) EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. Virtu KCG Holdings LLC lifted its holdings in Gevo by 557.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 182,390 shares of the energy company’s stock worth $126,000 after buying an additional 154,654 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Gevo by 22.4% in the 2nd quarter. Vanguard Group Inc. now owns 486,959 shares of the energy company’s stock valued at $336,000 after purchasing an additional 89,020 shares in the last quarter. Finally, Sabby Management LLC acquired a new stake in shares of Gevo in the 1st quarter valued at about $1,274,000. Hedge funds and other institutional investors own 13.14% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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