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Gevo Inc. (GEVO): Investing In A Time Of Crisis

Ginger Baker by Ginger Baker
May 26, 2023
in Technology and Energy
0

Gevo Inc. (NASDAQ:GEVO) currently has a daily average trading volume of 5.97M but it saw 4393135 shares traded on Thursday. With a market cap of 274.88M USD, stock’s current market price of $1.12 came falling about -7.44 while comparing to the previous closing price of $1.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.80 and as low as $1.01. In the recent trading on the day, stock has struck highest price mark of $1.21 while lowest mark touched by it was $1.12.

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Taking a look at 20-day trading activity of Gevo Inc. (GEVO) gives us an average price of $1.1685, while its current price level is -76.69% below from 52-week high level whereas it is 10.89% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2989 while that of 200 days or SMA-200 reads an average of $2.0110. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.63% during that period while stretching the period over a month that decreases to 8.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.98 which implies that the stock is in neutral territory.

Over the week, GEVO’s stock price is moving -6.67% down while it is 0.00% when we observe its performance for the past one month. Year-to-date it is -41.05% down and over the past year, the stock is showing a downside performance of -68.45%.

The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.07 beaten by the consensus estimate of -$0.06 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of -$0.07 while estimate for next year EPS is -$0.24. For GEVO, analysts are forecasting an EPS-growth rate of 45.50% for current year and estimate for EPS growth in next year is -16.70%. In next quarter, company is expected to be making quarterly sales of $2 million as analysts are expecting the sales for current fiscal year at $12.6 million and seeing the company making $16.08 million in sales next year. Moreover, analysts are in estimates of $2 million for current-quarter revenue.

Currently, Gevo Inc.’s total number of outstanding shares is 237.25M with 2.83% of that held by the insiders while 49.96% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -15.30%. Stock’s beta reads 3.06. Stock has a price to book (P/B) ratio of 0.44 while price to sale or P/S ratio amounts to 229.07.

A filing at the U.S. Securities and Exchange Commission revealed that SPDR S&P Oil & Gas Exploration & came shrinking its share ownership by 1.87% in the Gevo Inc. (GEVO) increasing its stake to 5.30% with control over 0.23 million shares in the company.

Tags: GEVOGevo Inc.GEVO stockNASDAQ:GEVO
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