The stock of Gevo Inc. (NASDAQ:GEVO) increased by $0.07 on Tuesday to finish at $1.37, up 5.38 percent. The last five days have seen an average of 3,073,100 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$0.5300. The average number of shares traded over the last 20 days was 3,370,965, while the average volume over the last 50 days totaled 3,922,172.
GEVO stock dropped -20.35% since last month. On 08/25/23, the company’s shares reached a one-month low of $1.2700. The stock touched a high of $3.22 on 02/03/23, after rallying from a low of $1.01 in 52 weeks. The price of GEVO stock has declined by -27.89% or -$0.5300 this year, reaching a new high 9 times. Still, the stock price is down -57.45% from the 52-week high.
Insider Transactions
GEVO stock investors should be aware that Gevo Inc. (GEVO) stock had its last reported insider trading activity 7 days ago on Aug 23. On Aug 23, Chief Executive Officer Gruber Patrick R. sold 171,549 shares at $1.38 each. This transaction resulted in the insider making $236,395. On Aug 23, Cesarek Timothy J sold 92,243 shares at a price of US$1.38. After the transaction, the insider now owns 946,304 shares. CCO & CIO Bloom Paul D had earlier sold 87,253 shares on Aug 23 for $1.38 a share. The transaction was completed for $120,121.
Valuation Metrics
Beta for the stock is 3.12. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 34.56, the price-to-book (PB) ratio of 0.56.
Financial Health
For the three months ended June 29, Gevo Inc.’s quick ratio was 4.70, while its current ratio was 4.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -59.10% percent. Based on annual data, it had gross profit of -$7.52 million and revenue of $1.18 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GEVO’s return on assets (ROA) during the last 12 months has been -14.50%. There was a -15.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -16.80%.
Earnings Surprise
According to Gevo Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.24 million, while revenues rose by 97.88% to $4.06 million. It was predicted that Gevo Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.05. EBITDA was -$14.15 million for the quarter. At the end of Gevo Inc.’s most recent quarter ended June 29, its liabilities totaled 91.46 million, while its total debt was $69.81 million. Equity owned by shareholders amounts to $237.4 million.
Technical Picture
Here’s a quick look at Gevo Inc.’s (GEVO) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 40.11%, suggesting the stock is Neutral, with a 51.25% historical volatility rate.
The stochastic %K and %D were 15.82% and 10.88% respectively, while the average true range (ATR) was 0.0874. Based on the 14-day stochastic reading of 25.00%, the RSI (14) reading is 40.97%. On the 9-day MACD Oscillator, the stock is at -0.0456, and the 14-day reading is at -0.0990.
Analyst Ratings
In its analyst report released on August 21, 2023, Northland Capital began covering Gevo Inc. (NASDAQ: GEVO). The stock was rated as a Market perform by the brokerage firm. Analysts have assigned Gevo Inc. (GEVO) an Overweight rating. GEVO is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is GEVO’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.30 and $14.00, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for Gevo Inc. (GEVO) is $4.44.
