Gevo Inc (NASDAQ:GEVO) price on Thursday, February 27, fall -4.79% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.39.
A look at the stock’s price movement, the close in the last trading session was $1.46. Turning to its 52-week performance, $3.39 and $0.48 were the 52-week high and 52-week low respectively. Overall, GEVO moved -20.57% over the past month.
Gevo Inc’s market cap currently stands at around $332.77 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 3.85M 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 -11.98% 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 15.33M, representing a -10.89% 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% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -17.87% and -25.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.28, while 7-day volatility ratio is 9.53% and 7.83% in the 30-day chart. Further, Gevo Inc (GEVO) has a beta value of 2.72, and an average true range (ATR) of 0.14. 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 -7.91% off current price level while to achieve the yearly target high, price needs to move -259.71%. Nonetheless, investors will most likely welcome a -61.87% 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 6.57 million over the past 3 months. The company’s latest data on shares outstanding shows there are 239.41 million shares.
The 5.12% of Gevo Inc’s shares are in the hands of company insiders while institutional holders own 21.67% of the company’s shares. Current price change has pushed the stock -33.49% 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.
