Gevo, Inc. (NASDAQ:GEVO) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a 12 month consensus price objective of $2.25 for the company and are anticipating that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given Gevo an industry rank of 161 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Gevo from a “sell” rating to a “hold” rating in a research report on Monday, December 5th.
Shares of Gevo (NASDAQ:GEVO) opened at 0.173 on Wednesday. The firm’s market capitalization is $22.76 million. Gevo has a 52-week low of $0.17 and a 52-week high of $1.36. The stock’s 50 day moving average price is $0.28 and its 200-day moving average price is $0.46.
Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Monday, November 14th. The company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). Gevo had a negative net margin of 149.62% and a negative return on equity of 57.47%. The firm earned $6.90 million during the quarter, compared to analysts’ expectations of $9.12 million. Equities research analysts anticipate that Gevo will post ($0.74) EPS for the current fiscal year.
Large investors have recently made changes to their positions in the stock. KBC Group NV boosted its stake in shares of Gevo by 40.8% in the third quarter. KBC Group NV now owns 240,843 shares of the company’s stock worth $116,000 after buying an additional 69,743 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Gevo by 357.0% in the second quarter. Vanguard Group Inc. now owns 815,973 shares of the company’s stock worth $481,000 after buying an additional 637,440 shares during the last quarter. State Treasurer State of Michigan boosted its stake in shares of Gevo by 8.9% in the second quarter. State Treasurer State of Michigan now owns 836,448 shares of the company’s stock worth $494,000 after buying an additional 68,301 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Gevo by 218.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,593,285 shares of the company’s stock worth $768,000 after buying an additional 1,093,145 shares during the last quarter. 3.19% of the stock is owned by hedge funds and other institutional investors.
Gevo Company Profile
Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.
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