Gevo Inc (NASDAQ:GEVO) shares, rose in value on Friday, October 11, with the stock price up by 1.34% to the previous day’s close as strong demand from buyers drove the stock to $1.94.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.91, falling within a range of $1.83 and $1.97. The value of beta (5-year monthly) is 2.987. Referring to stock’s 52-week performance, its high was $2.04, and the low was $0.48. On the whole, GEVO has fluctuated by 110.38% over the past month.
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With the market capitalization of Gevo Inc currently standing at about $463.49 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 19.66M, with a low estimate of 4.71M and a high estimate of 6.08M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.39M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GEVO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The price of GEVO currently trading nearly 20.80% and 79.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.42, while the 7-day volatility ratio is showing 11.48% which for the 30-day chart, stands at 15.62%. Furthermore, Gevo Inc (GEVO)’s beta value is 3.00, and its average true range (ATR) is 0.17.
A comparison of Gevo Inc (GEVO) with its peers suggests the former has fared considerably weaker in the market. GEVO showed an intraday change of 1.34% in today’s session so far, and over the past year, it grew by 61.29%%.
Data on historical trading for Gevo Inc (NASDAQ:GEVO) indicates that the trading volumes over the past 10 days have averaged 6.44 and over the past 3 months, they’ve averaged 4.96 million. According to company’s latest data on outstanding shares, there are 240.50 million shares outstanding.
Nearly 5.13% of Gevo Inc’s shares belong to company insiders and institutional investors own 23.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 28.53 million shares as on 2024-09-30, resulting in a short ratio of 3.56. According to the data, the short interest in Gevo Inc (GEVO) stood at 1229.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 24.67 million. The stock has risen by 66.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GEVO stock heading into the next quarter.
