Gevo Inc. (NASDAQ:GEVO) finished Thursday with a subtraction of -$0.09 to close at $1.56, a downside of -5.45 percent. An average of 4,303,260 shares of common stock have been traded in the last five days. There was a fall of -$0.0300 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 3,963,330 shares traded, while the 50-day average volume stands at 5,430,840.
GEVO stock has decreased by -8.24% in the last month. The company shares reached their 1-month lowest point of $1.5200 on 08/02/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $1.01 and a high of $3.73 in 52 weeks. It has reached a new high 9 times so far this year and lost -17.89% or -$0.3400 in price. In spite of this, the price is down -58.18% from the 52-week high.
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Insider Transactions
GEVO stock investors should be aware that Gevo Inc. (GEVO) stock had its last reported insider trading activity 14 days ago on Jul 28. In this transaction, the insider spent $172,280. Chief Commercial Officer, Cesarek Timothy J, disposed of 37,207 shares at a price of $1.64 on Jul 28. The insider now owns more than $61,146 worth of shares. Prior to that, President & COO Ryan Christopher Michael went on to Sale 36,551 shares at $1.65 each on Jul 28. An amount of $60,265 was transacted.
Valuation Metrics
Gevo Inc. (GEVO) stock’s beta is 3.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 74.96, the price-to-book (PB) ratio at 0.62.
Financial Health
The quick ratio of Gevo Inc. for the three months ended March 30 was 14.90, and the current ratio was 15.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.11 and a total debt to equity ratio of 0.11 for the quarter ending March 30. Gevo Inc.’s EBITDA margin for the year ending March 30 is -5919.23%. Its gross profit as reported stood at -$7.52 million compared to revenue of $1.18 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 -13.80%.
Earnings Surprise
For the three-month period that ended March 30, Gevo Inc. had $32.9 million in cash and short-term investments compared to $67.41 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 -$17.62 million in the quarter, while revenues of -$25.39 million were grew 11.07%. The analyst consensus anticipated Gevo Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.07, a -40.00% surprise. For the quarter, EBITDA amounted to -$16.4 million. Shareholders own equity worth $237.25 million.
Technical Picture
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 10 August was 42.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 64.39%.
As of today, GEVO’s price is $1.6120 -1.89% or -$0.0300 from its 5-day moving average. GEVO is currently trading -9.83% lower than its 20-day SMA and -11.36% lower than its 100-day SMA. However, the stock’s current price level is +15.56% above the SMA50 and -29.41% below the SMA200.
The stochastic %K and %D were 40.48% and 39.33%, respectively, and the average true range (ATR) was 0.1064. With the 14-day stochastic at 14.29% and the average true range at 0.1058, the RSI (14) stands at 46.50%. The stock has reached 0.0144 on the 9-day MACD Oscillator while the 14-day reading was at -0.0081.
Analyst Ratings
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. The consensus rating for Gevo Inc. (GEVO) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GEVO, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is GEVO’s price target for the next 12 months?
Analysts predict a range of price targets between $1.30 and $18.00, with a median target of $2.25. Taking a look at these predictions, the average price target given by analysts for Gevo Inc. (GEVO) stock is $5.95.
