Gevo Inc. (NASDAQ:GEVO) price is hovering lower on Monday, September 13, dropping -2.82% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $6.93, with intraday deals fluctuating between $6.44 and $7.01. The company’s 5Y monthly beta was ticking 3.35. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.57 and 52-week low of $0.77. The stock added 21.37% on its value in the past month.
Gevo Inc., which has a market valuation of $1.57 billion, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 12, 2021. Analysts tracking GEVO have forecast the quarterly EPS to shrink by -0.07 per share this quarter, while the same analysts predict the annual EPS to hit -$0.29 for the year 2021 and up to -$0.26 for 2022. In this case, analysts estimate an annual EPS growth of 57.40% for the year and 10.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $270k, with the likely lows of $200k and highs of $350k. The average estimate suggests sales growth for the quarter will likely rise by 40.60% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.34 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow -75.80% below that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GEVO a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 3 analysts have assigned GEVO a recommendation rating as follows: 0 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Gevo Inc. (GEVO) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that GEVO’s price is at present 12.23% off the SMA20 and 11.26% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.20, with weekly volatility standing at 13.71%. The indicator jumps to 8.82% when calculated based on the past 30 days. Gevo Inc. (NASDAQ:GEVO)’s beta value is holding at 3.27, while the average true range (ATR) indicator is currently reading 0.59. Considering analysts have assigned the stock a price target range of $10.00-$18.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $14.67. Based on this estimate, we see that today’s price at last check is roughly -48.59% off the estimated low and -167.46% off the forecast high. Investors will no doubt be excited to see the share price fall to $16.00, which is the median consensus price, and at that level GEVO would be -137.74% from recent price.
An analysis of the Gevo Inc. (NASDAQ:GEVO) stock in terms of its daily trading volume indicates that the 3-month average is 10.76 million.
Current records show that the company has 198.14M in outstanding shares. The insiders’ percentage holdings are 3.70% of outstanding shares while the percentage share held by institutions stands at 38.30%. But the 63.06% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.