At the time of writing, Gevo Inc [GEVO] stock is trading at $0.77, up 1.96%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GEVO shares have gain 5.03% over the last week, with a monthly amount drifted -6.91%, and not seem to be holding up well over a long-time horizon.
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On 1, April 2024, Gevo RNG Subsidiary Successfully Remarkets Its Tax-Exempt Green Bonds. In a post published today on Yahoo Finance, Gevo, Inc. (NASDAQ: GEVO) announced today that its wholly-owned subsidiary, Gevo NW Iowa RNG, LLC (“Gevo RNG”), has remarketed the previously issued and currently outstanding Iowa Finance Authority Solid Waste Facility Revenue Bonds (Gevo NW Iowa RNG, LLC Renewable Natural Gas Project), Series 2021 (Green Bonds) (the “Bonds”), which are tax exempt “Green Bond” private activity bonds the proceeds of which were used to finance construction of Gevo RNG’s now operating and expanded renewable natural gas (“RNG”) assets in Northwest Iowa.
From an analyst’s perspective:
Gevo Inc [NASDAQ: GEVO] stock has seen the most recent analyst activity on August 21, 2023, when Northland Capital initiated its Market Perform rating and assigned the stock a price target of $2. Previously, UBS started tracking the stock with Neutral rating on December 14, 2022, and set its price target to $2.25. On October 19, 2022, Jefferies initiated with a Hold rating and assigned a price target of $2.30 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $5 on February 09, 2022. Stifel initiated its recommendation with a Buy and recommended $10 as its price target on August 24, 2021. H.C. Wainwright upgraded its rating to Buy for this stock on September 07, 2018. In a note dated January 09, 2018, H.C. Wainwright downgraded an Neutral rating on this stock but restated the target price of $12.
For the past year, the stock price of Gevo Inc fluctuated between $0.60 and $1.86. Currently, Wall Street analysts expect the stock to reach $3.63 within the next 12 months. Gevo Inc [NASDAQ: GEVO] shares were valued at $0.77 at the most recent close of the market. An investor can expect a potential return of 371.43% based on the average GEVO price forecast.
Analyzing the GEVO fundamentals
According to Gevo Inc [NASDAQ:GEVO], the company’s sales were 17.20M for trailing twelve months, which represents an 702.57% jump. Gross Profit Margin for this corporation currently stands at -1.04% with Operating Profit Margin at -4.76%, Pretax Profit Margin comes in at -3.85%, and Net Profit Margin reading is -3.85%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.11 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.7473 points at the first support level, and at 0.7287 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7873, and for the 2nd resistance point, it is at 0.8087.
Gevo Inc [GEVO] reported earnings per share of -$0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.05/share, meaning a difference of -$0.03 and a surprise factor of -60.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.07 per share as compared to estimates of -$0.05 per share, a difference of -$0.02 representing a surprise of -40.00%.
Ratios To Look Out For
It is important to note that Gevo Inc [NASDAQ:GEVO] has a current ratio of 4.23. As well, the Quick Ratio is 4.18, while the Cash Ratio is 4.11. Considering the valuation of this stock, the price to sales ratio is 10.71, the price to book ratio is 0.33.
Transactions by insiders
Recent insider trading involved Shafer Andrew, Chief Mktg Cust & Brnd Officer, that happened on Dec 26 ’23 when 24978.0 shares were sold. VP Accounting and Treasurer, Nurmat Alisher K completed a deal on Dec 12 ’23 to sell 586.0 shares. Meanwhile, Chief Executive Officer Gruber Patrick R. sold 0.17 million shares on Aug 23 ’23.
