Gevo Inc (NASDAQ:GEVO) shares, rose in value on Tuesday, December 31, with the stock price down by -3.69% to the previous day’s close as strong demand from buyers drove the stock to $2.09.
Actively observing the price movement in the last trading, the stock closed the session at $2.17, falling within a range of $2.0 and $2.3. The value of beta (5-year monthly) was 2.946. Referring to stock’s 52-week performance, its high was $3.39, and the low was $0.48. On the whole, GEVO has fluctuated by 26.67% over the past month.
With the market capitalization of Gevo Inc currently standing at about $481.91 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.16M, with a low estimate of 1.99M and a high estimate of 5.56M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.95M.
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 50% 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 stock’s technical analysis shows that the price of GEVO currently trading nearly 28.18% and 12.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.70, while the 7-day volatility ratio is showing 15.11% which for the 30-day chart, stands at 9.66%. Furthermore, Gevo Inc (GEVO)’s beta value is 2.77, and its average true range (ATR) is 0.19.
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 -3.69% in last session, and over the past year, it grew by 80.17%%.
Data on historical trading for Gevo Inc (NASDAQ:GEVO) indicates that the trading volumes over the past 10 days have averaged 9.25 and over the past 3 months, they’ve averaged 7.82 million. According to company’s latest data on outstanding shares, there are 239.41 million shares outstanding.
Nearly 5.12% of Gevo Inc’s shares belong to company insiders and institutional investors own 18.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.69 million shares as on 2024-12-13, resulting in a short ratio of 6.98. According to the data, the short interest in Gevo Inc (GEVO) stood at 1194.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 26.4 million. The stock has risen by 80.17% 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.
