BlackRock Fund Advisors has recently announced that it has increased stake in Gevo Inc (NASDAQ:GEVO) by 8.58%. After grabbing 21.08 million shares, the institutional investor is now in possession of 1.67 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 8.88% having worth around $25.09 million. Moreover, The Vanguard Group, Inc. increased its share by 99174.0 to have a control over 13.51 million shares. And Invesco Capital Management LLC raised its holdings to 1.38 million shares by acquiring 7.48 million shares or 3.15% of the stake.
Gevo Inc (GEVO) concluded trading on 11/15/23 at a closing price of $1.25, with 4.61 million shares of worth about $5.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.04% during that period and on Wednesday the price saw a gain of about 4.17%. Currently the company’s common shares owned by public are about 237.17M shares, out of which, 227.91M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the GEVO stock and their offered price forecasts bring an average price target of $4.52. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $14.00 and could fall to a lowest price of $1.50. The stock’s current price level is 72.1% above of average price target set by the analysts, while a rise to estimated low would result in gain of 16.67% for the stock. However, touching the estimated high of $14.00 would mean a gain of 91.07% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 35 times over the past 12 months. They bought 2,375,029 shares in 13 of the transactions. In 22 selling transactions, insiders dumped 899,558 shares.
SPDR S&P Oil & Gas Exploration &, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Gevo Inc SPDR S&P Oil & Gas Exploration & is currently holding 9.37 million shares of worth totaling $11.15 million. The company recently came selling -0.13 million shares which brought its stake up to 3.95% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 5.86 million shares, have now control over 2.47% of the stake in the company. It holds 95665.0 shares of worth $6.97 million.
Gevo Inc (NASDAQ: GEVO) started trading at $1.19, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 1.2700, or with a gain of 4.17%. Stock saw a price change of 13.64% in past 5 days and over the past one month there was a price change of 5.04%. Year-to-date (YTD), GEVO shares are showing a performance of -34.21% which decreased to -47.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.97 but also hit the highest price of $2.49 during that period. The average intraday trading volume for Gevo Inc shares is 3.77 million. The stock is currently trading 13.64% above its 20-day simple moving average (SMA20), while that difference is up 7.09% for SMA50 and it goes to -13.07% lower than SMA200.
BlackRock Fund Advisors acquired 21.08 million shares of Gevo Inc having value of about $25.09 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 1.67 million shares in the company valued at close to $2083400.0, or have control over 8.58% stake in the company. Gevo Inc (NASDAQ: GEVO) currently have 237.17M outstanding shares and institutions hold larger chunk of about 41.64% of that. Holding of mutual funds in the company is about 28.48% while other institutional holders and individual stake holders have control over 4.54% and 12.21% of the stake respectively.
The stock has a current market capitalization of $296.75M and its 3Y-monthly beta is at 3.06. It has posted earnings per share of -$0.31 in the same period. It has Quick Ratio of 4.23 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GEVO, volatility over the week remained 7.91% while standing at 7.35% over the month.
Stock’s fiscal year EPS is expected to rise by 23.96% while it is estimated to decrease by -8.71% in next year. EPS is likely to shrink at an annualized rate of 25.00% for next 5-years, compared to annual growth of 57.03% made by the stock over the past 5-years.
Analysts at 5 brokerage firms have issued recommendations for the Gevo Inc (GEVO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 5 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on August 21, 2023 offering a Market perform rating for the stock and assigned a target price of $2 to it.
