Gevo Inc. (NASDAQ:GEVO) finished Thursday with an addition of $0.19 to close at $1.86, an upside of 11.38 percent. An average of 5,818,600 shares of common stock have been traded in the last five days. There was a gain of $0.0400 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 7,430,725 shares traded, while the 50-day average volume stands at 7,183,248.
GEVO stock has decreased by -7.92% in the last month. The company shares reached their 1-month lowest point of $1.6500 on 12/28/22. With the stock rallying to its 52-week high on 03/22/22, shares of the company touched a low of $1.65 and a high of $5.49 in 52 weeks. It has reached a new high 2 times so far this year and lost -56.54% or -$2.4200 in price. In spite of this, the price is down -66.12% from the 52-week high.
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GEVO stock investors should be aware that Gevo Inc. (GEVO) stock had its last reported insider trading activity 11 days ago on Dec 19. In this transaction, the insider spent $33,409. VP and Controller, Nurmat Alisher K, disposed of 1,010 shares at a price of $1.75 on Dec 12. The insider now owns more than $1,770 worth of shares. Prior to that, Director Marsh Andrew went on to Sale 41,904 shares at $2.04 each on Nov 21. An amount of $85,379 was transacted.
Gevo Inc. (GEVO) stock’s beta is 3.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 619.75, the price-to-book (PB) ratio at 0.70.
The quick ratio of Gevo Inc. for the three months ended June 29 was 24.30, and the current ratio was 24.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.14 for the quarter ending June 29. Its gross profit as reported stood at -$11.45 million compared to revenue of $0.71 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Gevo Inc.’s return on assets was -12.70%.
For the three-month period that ended June 29, Gevo Inc. had $222.01 million in cash and short-term investments compared to $67.04 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$43.79 million in the quarter, while revenues of -$13.16 million were grew 67.16%. The analyst consensus anticipated Gevo Inc.’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.06, a 25.00% surprise. For the quarter, EBITDA amounted to -$39.38 million. Shareholders own equity worth $237.22 million.
From a technical analysis perspective, let’s take a brief look at Gevo Inc. (GEVO) price momentum. RSI 9-day as of the close on 29 December was 49.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 91.53%.
As of today, GEVO’s price is $1.7640 +2.20% or $0.0400 from its 5-day moving average. GEVO is currently trading -14.68% lower than its 20-day SMA and -42.41% lower than its 100-day SMA. However, the stock’s current price level is -18.06% below the SMA50 and -49.04% below the SMA200.
The stochastic %K and %D were 25.75% and 24.65%, respectively, and the average true range (ATR) was 0.1468. With the 14-day stochastic at 51.99% and the average true range at 0.1493, the RSI (14) stands at 46.88%. The stock has reached -0.0444 on the 9-day MACD Oscillator while the 14-day reading was at -0.0890.
UBS launched coverage on Gevo Inc. (NASDAQ: GEVO) in its analyst report released on December 14, 2022. The firm assigned the stock a Neutral rating.