Gevo Inc. (NASDAQ:GEVO) saw a downside of -2.05% to close Tuesday at $1.43 after subtracting -$0.03 on the day. The 5-day average trading volume is 2,783,760 shares of the company’s common stock. It has gained $1.5200 in the past week and touched a new high 1 time within the past 5 days. An average of 3,558,180 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,517,236.
GEVO’s 1-month performance is -18.29% or -$0.2300 on its low of $1.3700 reached on 08/18/23. The company’s shares have touched a 52-week low of $1.01 and high of $3.34, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, GEVO has lost -24.74% or -$0.4700 and has reached a new high 9 times. However, the current price is down -57.19% from the 52-week high price.
Insider Transactions
GEVO stock investors last saw insider trading activity on Jul 28.Gruber Patrick R. (Chief Executive Officer) most recently sold 104,488 shares at $1.65 per share on Jul 28. This transaction cost the insider $172,280. Chief Commercial Officer, Cesarek Timothy J, sold 37,207 shares at a price of $1.64 on Jul 28. Then, on Jul 28, President & COO Ryan Christopher Michael sold 36,551 shares at a price of $1.65 per share. This transaction amounted to $60,265.
Valuation Metrics
GEVO stock has a beta of 3.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 35.88 while the price-to-book (PB) in the most recent quarter is 0.58.
Gevo Inc.’s quick ratio for the period ended June 29 was 4.70, with the current ratio over the same period at 4.80.. In terms of profitability, the gross margin trailing 12 months is -59.10%. The trailing 12-month EBITDA margin is -5919.23%. The firm’s gross profit as reported stood at -$7.52 million against revenue of $1.18 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 8.74% to -$14.42 million, while revenue of -$17.62 million was -22.19% off the previous quarter. Analysts expected GEVO to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.06, representing a -20.00% surprise. EBITDA for the quarter stood at more than -$14.15 million. GEVO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 91.46 million, with total debt at $69.81 million. Shareholders hold equity totaling $237.4 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 22 August was 35.52% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.80%.
The stock’s 5-day moving average is $1.4380, reflecting a -4.67% or -$0.0700 change from its current price. GEVO is currently trading -16.37% above its 20-day SMA, -8.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.74% and SMA200 by-33.80%.
Stochastic %K and %D was 22.22% and 16.17% and the average true range (ATR) pointed at 0.0923. The RSI (14) points at 40.21%, while the 14-day stochastic is at 17.39% with the period’s ATR at 0.0963. The stock’s 9-day MACD Oscillator is pointing at -0.0433 and -0.0890 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Gevo Inc. (NASDAQ: GEVO), Northland Capital launched coverage with a Market perform 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 3 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 $1.30 and a high of $14.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for Gevo Inc. (GEVO) stock is $4.44.
