Green Plains (NASDAQ:GPRE) Stock Price Up 3.8% – Should You Buy?

Green Plains Inc. (NASDAQ:GPRE) was up 3.8% on Thursday . The company traded as high as $10.29 and last traded at $10.02. Approximately 151,484 shares were traded during trading, a decline of 87% from the average daily volume of 1,196,741 shares. The stock had previously closed at $9.65.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial dropped their price objective on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Stephens raised shares of Green Plains to a “hold” rating in a research report on Monday, December 2nd. Finally, StockNews.com raised shares of Green Plains from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Stock Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.16 and a current ratio of 1.78. The stock has a market cap of $663.31 million, a price-to-earnings ratio of -27.00, a P/E/G ratio of 0.73 and a beta of 1.46. The stock has a fifty day simple moving average of $10.26 and a two-hundred day simple moving average of $12.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd bought a new stake in shares of Green Plains during the second quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Green Plains in the 2nd quarter valued at approximately $41,000. Quest Partners LLC bought a new position in Green Plains in the 3rd quarter valued at approximately $52,000. nVerses Capital LLC bought a new stake in Green Plains during the 3rd quarter worth approximately $65,000. Finally, GAMMA Investing LLC increased its position in Green Plains by 1,207.7% in the 4th quarter. GAMMA Investing LLC now owns 14,032 shares of the specialty chemicals company’s stock valued at $133,000 after acquiring an additional 12,959 shares during the period.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.