Gevo Inc (NASDAQ:GEVO) price on Wednesday, July 31, fall -2.91% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.58.
A look at the stock’s price movement, the close in the last trading session was $0.60. Turning to its 52-week performance, $1.73 and $0.53 were the 52-week high and 52-week low respectively. Overall, GEVO moved 1.43% over the past month.
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Gevo Inc’s market cap currently stands at around $137.25 million.
Analysts have a consensus estimate of 4.25M for the company’s revenue for the quarter, with a low and high estimate of 4.02M and 4.48M respectively. The average forecast suggests up to a 0.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 18M, representing a 4.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GEVO is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
GEVO’s current price about -3.74% and -7.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.76, while 7-day volatility ratio is 4.67% and 6.29% in the 30-day chart. Further, Gevo Inc (GEVO) has a beta value of 2.89, and an average true range (ATR) of 0.04.
If we refocus on Gevo Inc (NASDAQ:GEVO), historical trading data shows that trading volumes averaged 3.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 240.50 million shares.
The 5.36% of Gevo Inc’s shares are in the hands of company insiders while institutional holders own 30.80% of the company’s shares. Current price change has pushed the stock -49.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GEVO stock continues to rise going into the next quarter.
