Gevo Inc. [NASDAQ: GEVO] closed the trading session at $6.73 on 05/03/21. The day’s price range saw the stock hit a low of $6.63, while the highest price level was $7.08. The company report on May 3, 2021 that Total Cray Valley and Gevo to further Scale Up Development of Renewable Isoamylene from Fusel Oil.
Total Cray Valley and Gevo, Inc. (NASDAQ: GEVO) announced the successful completion of phase 1 of their Joint Development Agreement (JDA) to upgrade fusel oils into renewable isoamylene. The companies are now seeking to advance to Phase 2 of the JDA, which will allow for scale up of Gevo’s technology at a demonstration scale.
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Fusel oils, made during the production of ethanol, equate to approximately 1 million tons of bio-based feedstock. The JDA, signed in 2020, is based on Gevo’s chemical-based catalytic processes that selectively convert low-value fusel oils, a mixture of alcohols that are byproducts from fermentation processes such as ethanol or isobutanol production, into higher-value renewable chemicals such as isoprene, ketones, aldehydes, or olefins, in this case isoamylene.
The stocks have a year to date performance of 58.35 percent and weekly performance of -6.53 percent. The stock has been moved at 559.80 percent over the last six months. The stock has performed -32.50 percent around the most recent 30 days and changed -39.31 percent over the most recent 3-months.
If compared to the average trading volume of 18.78M shares, GEVO reached to a volume of 8817797 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Gevo Inc. [GEVO]:
H.C. Wainwright have made an estimate for Gevo Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 07, 2018. The new note on the price target was released on January 09, 2018, representing the official price target for Gevo Inc. stock. Previously, the target price had yet another raise from $4 to $12, while Rodman & Renshaw kept a Buy rating on GEVO stock. On September 26, 2012, analysts decreased their price target for GEVO shares from 9 to 1.
The Average True Range (ATR) for Gevo Inc. is set at 0.73, with the Price to Sales ratio for GEVO stock in the period of the last 12 months amounting to 249.25. The Price to Book ratio for the last quarter was 5.56, with the Price to Cash per share for the same quarter was set at 0.38.
GEVO stock trade performance evaluation
Gevo Inc. [GEVO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.53. With this latest performance, GEVO shares dropped by -32.50% in over the last four-week period, additionally plugging by 559.80% over the last 6 months – not to mention a rise of 506.31% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GEVO stock in for the last two-week period is set at 42.41, with the RSI for the last a single of trading hit 42.55, and the three-weeks RSI is set at 43.66 for Gevo Inc. [GEVO]. The present Moving Average for the last 50 days of trading for this stock 8.36, while it was recorded at 6.97 for the last single week of trading, and 4.49 for the last 200 days.
Gevo Inc. [GEVO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Gevo Inc. [GEVO] shares currently have an operating margin of -471.12 and a Gross Margin at -174.84. Gevo Inc.’s Net Margin is presently recorded at -725.90.
Return on Total Capital for GEVO is now -22.11, given the latest momentum, and Return on Invested Capital for the company is -36.52. Return on Equity for this stock declined to -36.72, with Return on Assets sitting at -32.74. When it comes to the capital structure of this company, Gevo Inc. [GEVO] has a Total Debt to Total Equity ratio set at 1.14. Additionally, GEVO Total Debt to Total Capital is recorded at 1.13, with Total Debt to Total Assets ending up at 1.10. Long-Term Debt to Equity for the company is recorded at 0.45, with the Long-Term Debt to Total Capital now at 0.44.
Reflecting on the efficiency of the workforce at the company, Gevo Inc. [GEVO] managed to generate an average of -$1,296,323 per employee. Receivables Turnover for the company is 6.66 with a Total Asset Turnover recorded at a value of 0.05.Gevo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 16.40 and a Current Ratio set at 16.90.
Earnings per share (EPS) analysis for Gevo Inc. [GEVO] stock
With the latest financial reports released by the company, Gevo Inc. posted -0.64/share EPS, while the average EPS was predicted by analysts to be reported at -0.44/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -45.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GEVO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gevo Inc. go to 25.00%.
Gevo Inc. [GEVO]: Insider Ownership positions
There are presently around $86 million, or 10.50% of GEVO stock, in the hands of institutional investors. The top three institutional holders of GEVO stocks are: VANGUARD GROUP INC with ownership of 4,599,010, which is approximately -43.933% of the company’s market cap and around 0.30% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 3,570,267 shares of the stock with an approximate value of $24.21 million in GEVO stocks shares; and BLACKROCK INC., currently with $12.16 million in GEVO stock with ownership of nearly 22098.453% of the company’s market capitalization.
Positions in Gevo Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 44 institutional holders increased their position in Gevo Inc. [NASDAQ:GEVO] by around 7,088,709 shares. Additionally, 14 investors decreased positions by around 4,243,715 shares, while 8 investors held positions by with 1,370,657 shares. The mentioned changes placed institutional holdings at 12,703,081 shares, according to the latest SEC report filing. GEVO stock had 30 new institutional investments in for a total of 1,332,261 shares, while 7 institutional investors sold positions of 546,832 shares during the same period.