Gevo Inc (NASDAQ:GEVO) price on Friday, November 15, fall -4.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.43.
A look at the stock’s price movement, the close in the last trading session was $1.49, moving within a range at $1.4 and $1.535. The beta value (5-Year monthly) was 2.946. Turning to its 52-week performance, $3.39 and $0.48 were the 52-week high and 52-week low respectively. Overall, GEVO moved -46.04% over the past month.
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Gevo Inc’s market cap currently stands at around $342.36 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-05.
Analysts have a consensus estimate of 4.71M for the company’s revenue for the quarter, with a low and high estimate of 4.71M and 4.71M respectively. The average forecast suggests up to a 7.65% 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 13.21M, representing a -23.21% decline 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 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend GEVO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GEVO’s current price about -36.80% and -23.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.23, while 7-day volatility ratio is 10.89% and 12.44% in the 30-day chart. Further, Gevo Inc (GEVO) has a beta value of 2.87, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $2.25, forecast between a low of $1.5 and high of $5. Looking at the price targets, the low is -4.9% off current price level while to achieve the yearly target high, price needs to move -249.65%. Nonetheless, investors will most likely welcome a -57.34% jump to $2.25 which is the analysts’ median price.
If we refocus on Gevo Inc (NASDAQ:GEVO), historical trading data shows that trading volumes averaged 9.11 over the past 10 days and 8.47 million over the past 3 months. The company’s latest data on shares outstanding shows there are 240.50 million shares.
The 5.11% of Gevo Inc’s shares are in the hands of company insiders while institutional holders own 19.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 32.04 million on 2024-10-31, giving us a short ratio of 3.08. The data shows that as of 2024-10-31 short interest in Gevo Inc (GEVO) stood at 1381.0 of shares outstanding, with shares short rising to 28.53 million registered in 2024-09-30. Current price change has pushed the stock 23.28% 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.
