Gevo (GEVO) Trading Up -9%

Gevo, Inc. (NASDAQ:GEVO) was up 9% on Friday . The stock traded as high as $0.71 and last traded at $0.64. Approximately 1,293,771 shares changed hands during trading, a decline of 26% from the average daily volume of 1,742,733 shares. The stock had previously closed at $0.70.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note on Thursday, November 9th. HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of Gevo in a research note on Wednesday, October 4th. Finally, ValuEngine lowered shares of Gevo from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th.

The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 0.21. The company has a market cap of $13.83, a P/E ratio of -0.40 and a beta of 3.09.

Gevo (NASDAQ:GEVO) last posted its earnings results on Monday, November 6th. The energy company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.05. The business had revenue of $7.70 million for the quarter, compared to analyst estimates of $5.49 million. Gevo had a negative net margin of 84.42% and a negative return on equity of 40.58%. sell-side analysts forecast that Gevo, Inc. will post -1.69 EPS for the current fiscal year.

A hedge fund recently raised its stake in Gevo stock. Vanguard Group Inc. boosted its stake in Gevo, Inc. (NASDAQ:GEVO) by 22.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 486,959 shares of the energy company’s stock after buying an additional 89,020 shares during the quarter. Vanguard Group Inc. owned approximately 3.23% of Gevo worth $336,000 at the end of the most recent reporting period. 7.07% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Gevo (GEVO) Trading Up -9%” was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at

About Gevo

Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.

Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with's FREE daily email newsletter.

Leave a Reply