Gevo Inc. (GEVO): What Technical Indicators Show

SNOW Stock
SNOW Stock

Gevo Inc. (NASDAQ:GEVO) saw an upside of 4.88% to close Monday at $2.15 after adding $0.1 on the day. The 5-day average trading volume is 6,188,240 shares of the company’s common stock. It has gained $2.20 in the past week and touched a new high 2 times within the past 5 days. An average of 5,868,065 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,892,692.

GEVO’s 1-month performance is 22.16% or $0.36 on its low of $1.65 reached on 12/28/22. The company’s shares have touched a 52-week low of $1.65 and high of $5.49, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, GEVO has achieved 13.16% or $0.25 and has reached a new high 7 times. However, the current price is down -60.84% from the 52-week high price.

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Insider Transactions

GEVO stock investors last saw insider trading activity on Dec 19.Smull L Lynn (Chief Financial Officer) most recently sold 17,676 shares at $1.89 per share on Dec 19. This transaction cost the insider $33,409. VP and Controller, Nurmat Alisher K, sold 1,010 shares at a price of $1.75 on Dec 12. Then, on Nov 21, Director Marsh Andrew sold 41,904 shares at a price of $2.04 per share. This transaction amounted to $85,379.

Valuation Metrics

GEVO stock has a beta of 3.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 689.51 while the price-to-book (PB) in the most recent quarter is 0.81.

Gevo Inc.’s quick ratio for the period ended June 29 was 24.30, with the current ratio over the same period at 24.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.13, while the total debt to equity was 0.14. The firm’s gross profit as reported stood at -$11.45 million against revenue of $0.71 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Gevo Inc.’s cash and short-term investments amounted to $222.01 million against total debt of $92.09 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 67.16% to -$43.79 million, while revenue of -$13.16 million was 69.95% off the previous quarter. Analysts expected GEVO to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.06, representing a 25.00% surprise. EBITDA for the quarter stood at more than -$39.38 million. GEVO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 104.47 million, with total debt at $92.09 million. Shareholders hold equity totaling $237.22 million.

Let’s look briefly at Gevo Inc. (GEVO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 64.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 56.86%.

The stock’s 5-day moving average is $2.06, reflecting a +3.37% or $0.07 change from its current price. GEVO is currently trading +18.13% above its 20-day SMA, -31.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.59% and SMA200 by-55.21%.

Stochastic %K and %D was 67.60% and 65.74% and the average true range (ATR) pointed at 0.13. The RSI (14) points at 59.35%, while the 14-day stochastic is at 87.64% with the period’s ATR at 0.13. The stock’s 9-day MACD Oscillator is pointing at 0.00 and 0.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Gevo Inc. (NASDAQ: GEVO), UBS launched coverage with a Neutral rating. Analysts offering their rating for GEVO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GEVO as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is GEVO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.25 and a high of $18.00, with their median price target at $3.65. Looking at these predictions, the average price target given by analysts is for Gevo Inc. (GEVO) stock is $6.89.


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