ValuEngine upgraded shares of Gevo (NASDAQ:GEVO) from a sell rating to a hold rating in a research note issued to investors on Friday morning.
GEVO has been the topic of several other research reports. HC Wainwright downgraded shares of Gevo from a buy rating to a neutral rating and set a $12.00 price target on the stock. in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Gevo from a hold rating to a buy rating and set a $0.75 price target on the stock in a research note on Friday, January 5th.
Shares of Gevo (NASDAQ GEVO) opened at $0.51 on Friday. The stock has a market cap of $11.21, a PE ratio of -0.29 and a beta of 2.56. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 0.21. Gevo has a twelve month low of $0.51 and a twelve month high of $3.20.
Gevo (NASDAQ:GEVO) last released its earnings results on Monday, November 6th. The energy company reported ($0.36) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.05. The firm had revenue of $7.70 million during the quarter, compared to analyst estimates of $5.49 million. Gevo had a negative net margin of 84.42% and a negative return on equity of 40.58%. research analysts expect that Gevo will post -1.69 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Gevo stock. Vanguard Group Inc. increased its stake in Gevo, Inc. (NASDAQ:GEVO) by 22.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 486,959 shares of the energy company’s stock after buying an additional 89,020 shares during the period. Vanguard Group Inc. owned 3.23% of Gevo worth $336,000 as of its most recent SEC filing. 7.07% of the stock is owned by hedge funds and other institutional investors.
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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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