Gevo (NASDAQ:GEVO) Earns Buy Rating from HC Wainwright

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research note issued on Tuesday,Benzinga reports. They currently have a $14.00 price objective on the energy company’s stock.

Separately, UBS Group increased their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Up 5.4 %

Shares of NASDAQ:GEVO traded up $0.10 on Tuesday, reaching $1.85. The company had a trading volume of 2,327,288 shares, compared to its average volume of 7,957,018. The firm has a market capitalization of $441.71 million, a PE ratio of -5.43 and a beta of 2.73. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. Gevo has a 52-week low of $0.48 and a 52-week high of $3.39. The firm’s 50 day simple moving average is $1.85 and its 200-day simple moving average is $1.55.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The company had revenue of $1.97 million for the quarter, compared to analyst estimates of $6.08 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. As a group, analysts expect that Gevo will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEVO. Lauterbach Financial Advisors LLC acquired a new position in Gevo during the third quarter valued at $29,000. Signal Advisors Wealth LLC acquired a new position in shares of Gevo in the 4th quarter valued at about $34,000. Ballentine Partners LLC purchased a new stake in shares of Gevo in the fourth quarter worth about $54,000. International Assets Investment Management LLC acquired a new stake in Gevo during the fourth quarter worth about $59,000. Finally, VisionPoint Advisory Group LLC raised its position in Gevo by 200.9% during the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company’s stock valued at $65,000 after acquiring an additional 18,734 shares in the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

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.