Gevo Inc (NASDAQ:GEVO) price on Wednesday, December 04, fall -1.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.46.
A look at the stock’s price movement, the close in the last trading session was $1.48, moving within a range at $1.435 and $1.51. 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 -38.40% over the past month.
Gevo Inc’s market cap currently stands at around $349.53 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 3.77M for the company’s revenue for the quarter, with a low and high estimate of 1.99M and 5.56M respectively. The average forecast suggests down to a -13.70% 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 14.99M, representing a -12.85% 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 Hold. 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 -6.06% and -25.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.44, while 7-day volatility ratio is 7.37% and 10.40% in the 30-day chart. Further, Gevo Inc (GEVO) has a beta value of 2.85, and an average true range (ATR) of 0.18. 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 -2.74% off current price level while to achieve the yearly target high, price needs to move -242.47%. Nonetheless, investors will most likely welcome a -54.11% 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 4.28 over the past 10 days and 8.57 million over the past 3 months. The company’s latest data on shares outstanding shows there are 239.41 million shares.
The 5.11% of Gevo Inc’s shares are in the hands of company insiders while institutional holders own 18.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 26.4 million on 2024-11-15, giving us a short ratio of 2.27. The data shows that as of 2024-11-15 short interest in Gevo Inc (GEVO) stood at 1138.00004 of shares outstanding, with shares short falling to 30.69 million registered in 2024-10-15. Current price change has pushed the stock 25.86% 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.
