Gevo, Inc. (NASDAQ:GEVO – Get Rating) – Research analysts at Jefferies Financial Group reduced their FY2022 earnings estimates for Gevo in a research note issued to investors on Sunday, November 20th. Jefferies Financial Group analyst D. Ailani now forecasts that the energy company will earn ($0.27) per share for the year, down from their previous forecast of ($0.21). Jefferies Financial Group currently has a “Hold” rating and a $2.30 target price on the stock. The consensus estimate for Gevo’s current full-year earnings is ($0.30) per share. Jefferies Financial Group also issued estimates for Gevo’s Q4 2023 earnings at ($0.06) EPS, Q1 2024 earnings at ($0.08) EPS, Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.09) EPS and FY2024 earnings at ($0.34) EPS.
Gevo Stock Down 0.5 %
Gevo stock opened at $2.10 on Wednesday. The stock has a market capitalization of $498.16 million, a PE ratio of -5.12 and a beta of 3.10. Gevo has a twelve month low of $1.80 and a twelve month high of $6.30. The company has a quick ratio of 24.25, a current ratio of 24.49 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $2.26 and a 200-day moving average of $2.76.
Institutional Inflows and Outflows
In other news, Director Andrew Marsh sold 41,904 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $2.04, for a total value of $85,484.16. Following the completion of the transaction, the director now owns 203,562 shares in the company, valued at $415,266.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.
Gevo Company Profile
Gevo, Inc operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives.
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