2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Separately, UBS Group upped their target price on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd.
View Our Latest Stock Analysis on GEVO
Shares of Gevo stock opened at $1.86 on Tuesday. The stock's fifty day moving average is $1.86 and its two-hundred day moving average is $1.56. The company has a market capitalization of $445.30 million, a PE ratio of -5.47 and a beta of 2.73. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39.
Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The business had revenue of $1.97 million during the quarter, compared to analysts' expectations of $6.08 million. During the same period in the prior year, the business earned ($0.07) EPS. As a group, analysts expect that Gevo will post -0.32 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Signal Advisors Wealth LLC purchased a new stake in shares of Gevo during the 4th quarter worth $34,000. Lauterbach Financial Advisors LLC purchased a new stake in shares of Gevo during the 3rd quarter worth $29,000. VisionPoint Advisory Group LLC lifted its stake in shares of Gevo by 200.9% during the 4th quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock worth $65,000 after purchasing an additional 18,734 shares during the last quarter. Financial Advocates Investment Management lifted its stake in shares of Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock worth $188,000 after purchasing an additional 19,980 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Gevo during the 4th quarter worth $59,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.
Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.
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