Gevo’s (GEVO) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Gevo (NASDAQ:GEVO) in a report issued on Friday morning,Benzinga reports. HC Wainwright currently has a $14.00 price target on the energy company’s stock.

Gevo Stock Performance

GEVO opened at $1.14 on Friday. The stock’s 50 day simple moving average is $1.55 and its 200 day simple moving average is $1.75. The stock has a market cap of $271.73 million, a P/E ratio of -3.34 and a beta of 2.72. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. The company had revenue of $4.15 million for the quarter, compared to analyst estimates of $3.85 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. As a group, equities analysts anticipate that Gevo will post -0.42 EPS for the current fiscal year.

Institutional Trading of Gevo

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Gevo during the 4th quarter worth approximately $27,000. IHT Wealth Management LLC purchased a new position in Gevo during the fourth quarter worth $29,000. Signal Advisors Wealth LLC acquired a new position in shares of Gevo in the fourth quarter worth $34,000. Commonwealth Equity Services LLC purchased a new stake in shares of Gevo in the fourth quarter valued at $49,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Gevo during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.