Stocks of Gevo Inc (NASDAQ:GEVO) traded higher last session on Wall Street, up 14.90% to $0.75.
GEVO stock price is now 25.79% away from the 50-day moving average and -8.62% away from the 200-day moving average. The market capitalization of the company currently stands at $178.33M.
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With the price target of $2, Northland Capital recently initiated with Market Perform rating for Gevo Inc (NASDAQ: GEVO). On December 14, 2022, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $2.25, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Nurmat Alisher K, VP AND TREASURER sold 5,012 shares of the company’s stock on Aug 06 ’24. The stock was sold for $2,536 at an average price of $0.51. Upon completion of the transaction, the VP AND TREASURER now directly owns 192,476 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Chief People Officer Bowron Kimberly T sold 13,572 shares of the business’s stock. A total of $6,866 was realized by selling the stock at an average price of $0.51. This leaves the insider owning 421,651 shares of the company worth $0.32 million. A total of 5.35% of the company’s stock is owned by insiders.
During the past 12 months, Gevo Inc has had a low of $0.48 and a high of $1.52. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 10.22, and a quick ratio of 10.09. The fifty day moving average price for GEVO is $0.6018 and a two-hundred day moving average price translates $0.8244 for the stock.
The latest earnings results from Gevo Inc (NASDAQ: GEVO) was released for 2024-06-30. The net profit margin was -407.97% and return on equity was -13.39% for GEVO. The company reported revenue of $5.26 million for the quarter, compared to $4.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.12 percent.
