With over 31.64 million Gevo Inc (GEVO) shares trading Friday and a closing price of $1.26 on the day, the dollar volume was approximately $39.87 million. The shares have shown a negative half year performance of -13.70% and its price on 12/15/23 lost nearly -7.35%. Currently, there are 237.17M common shares owned by the public and among those 230.81M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for GEVO have a consensus price objective of $4.21. The analysts have set the share’s price value over the next 12 months at a high of $14.00 and a low of $1.36. The average price target is 70.07% above its recent price level and an upside to the estimated low will see the stock gain 7.35% over that period. But an upside of 91.0% will see the stock hit the forecast high price target while median target price for the stock is $2.00.
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Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 2,375,029 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 856,644 shares.
Shares of Gevo Inc (NASDAQ: GEVO) opened at $1.35, down -$0.01 from a prior closing price of $1.36. However, the script later moved the day high at 1.3500, down -7.35%. The company’s stock has a 5-day price change of 5.00% and -5.97% over the past three months. GEVO shares are trading -33.68% year to date (YTD), with the 12-month market performance down to -36.04% lower. It has a 12-month low price of $0.97 and touched a high of $2.30 over the same period. GEVO has an average intraday trading volume of 4.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.60%, 11.41%, and -6.72% respectively.
Institutional ownership of Gevo Inc (NASDAQ: GEVO) shares accounts for 42.16% of the company’s 237.17M shares outstanding.
It has a market capitalization of $302.79M and a beta (3y monthly) value of 2.98. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.54% over the week and 7.44% over the month.
Analysts forecast that Gevo Inc (GEVO) will achieve an EPS of -$0.06 for the current quarter, -$0.06 for the next quarter and -$0.29 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 22.56%, and -13.08% over the next financial year. EPS should shrink at an annualized rate of 25.00% over the next five years, compared to 57.03% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Gevo Inc (GEVO) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GEVO, a number of firms have released research notes about the stock. Northland Capital stated their Market Perform rating for the stock in a research note on August 21, 2023, with the firm’s price target at $2.
