Gevo Inc (NASDAQ: GEVO) Not A Good Play Anymore?

Gevo Inc (GEVO) concluded trading on Tuesday at a closing price of $1.51, with 2.19 million shares of worth about $3.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 134.38% during that period and on December 24, 2024 the price saw a loss of about -0.66%. Currently the company’s common shares owned by public are about 239.41M shares, out of which, 227.15M shares are available for trading.

Stock saw a price change of -4.46% in past 5 days and over the past one month there was a price change of -5.66%. Year-to-date (YTD), GEVO shares are showing a performance of 29.31% which increased to 27.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.48 but also hit the highest price of $3.39 during that period. The average intraday trading volume for Gevo Inc shares is 7.24 million. The stock is currently trading -1.36% below its 20-day simple moving average (SMA20), while that difference is down -20.47% for SMA50 and it goes to 40.02% higher than SMA200.

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Gevo Inc (NASDAQ: GEVO) currently have 239.41M outstanding shares and institutions hold larger chunk of about 18.11% of that.

The stock has a current market capitalization of $359.13M and its 3Y-monthly beta is at 2.85. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 8.05 while making debt-to-equity ratio of 0.14. 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 8.61% while standing at 8.06% over the month.

Stock’s fiscal year EPS is expected to drop by -11.42% while it is estimated to increase by 25.05% in next year. EPS is likely to shrink at an annualized rate of 25.00% for next 5-years, compared to annual growth of 45.44% made by the stock over the past 5-years.

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. Coverage by UBS stated Gevo Inc (GEVO) stock as a Neutral in their note to investors on December 14, 2022, suggesting a price target of $2.25 for the stock. On October 19, 2022, Jefferies Initiated their recommendations, while on February 09, 2022, Citigroup Initiated their ratings for the stock with a price target of $5. Stock get a Buy rating from Stifel on August 24, 2021.

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