Gevo Inc. [NASDAQ: GEVO] gained 7.77% or 0.4 points to close at $5.55 with a heavy trading volume of 41948559 shares. The company report on December 7, 2021 that Gevo Inks Largest Supply Agreement To-Date for Renewable Fuels.
Kolmar Deal Valued at Up to US$2.4 Billion over Eight Years.
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Gevo, Inc. (NASDAQ: GEVO) has a new partner: Kolmar Americas Inc. (“Kolmar”). Kolmar and Gevo have entered into a financeable fuel supply agreement for 45 million gallons per year (on a neat basis) of renewable, energy-dense liquid hydrocarbons that are expected to be produced from Gevo’s second Net-Zero production facility, Net-Zero 2. Kolmar is a wholly owned subsidiary of Kolmar Group AG that is a privately held service provider, manufacturer, and marketer of renewable fuels headquartered in Zug, Switzerland.
It opened the trading session at $6.25, the shares rose to $6.30 and dropped to $5.42, the range by which the price of stock traded the whole day. The daily chart for GEVO points out that the company has recorded -36.72% loss over the past six months. However, it is still -246.87% lower than its most recent low trading price.
If we look at the average trading volume of 11.32M shares, GEVO reached to a volume of 41948559 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Gevo Inc. [GEVO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GEVO shares is $14.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GEVO stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Gevo Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 24, 2021. The new note on the price target was released on September 07, 2018, representing the official price target for Gevo Inc. stock. Previously, the target price had yet another raise to $12, while H.C. Wainwright analysts kept a Neutral rating on GEVO stock. On January 13, 2017, analysts increased their price target for GEVO shares from 4 to 12.
The Average True Range (ATR) for Gevo Inc. is set at 0.54, with the Price to Sales ratio for GEVO stock in the period of the last 12 months amounting to 1021.39. The Price to Book ratio for the last quarter was 1.98, with the Price to Cash per share for the same quarter was set at 1.36.
Trading performance analysis for GEVO stock
Gevo Inc. [GEVO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.48. With this latest performance, GEVO shares dropped by -24.49% in over the last four-week period, additionally sinking by -36.72% over the last 6 months – not to mention a rise of 232.34% 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 40.94, with the RSI for the last a single of trading hit 42.17, and the three-weeks RSI is set at 42.10 for Gevo Inc. [GEVO]. The present Moving Average for the last 50 days of trading for this stock 6.57, while it was recorded at 5.19 for the last single week of trading, and 7.00 for the last 200 days.
Gevo Inc. [GEVO]: A deeper dive into fundamental analysis
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 13.10 and a Current Ratio set at 13.20.
Gevo Inc. [GEVO]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Gevo Inc. posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. 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%.
An analysis of insider ownership at Gevo Inc. [GEVO]
There are presently around $387 million, or 38.00% of GEVO stock, in the hands of institutional investors. The top three institutional holders of GEVO stocks are: STATE STREET CORP with ownership of 14,867,078, which is approximately -9.206% of the company’s market cap and around 3.60% of the total institutional ownership; BLACKROCK INC., holding 13,804,954 shares of the stock with an approximate value of $76.62 million in GEVO stocks shares; and VANGUARD GROUP INC, currently with $54.37 million in GEVO stock with ownership of nearly 3.623% of the company’s market capitalization.
Positions in Gevo Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 61 institutional holders increased their position in Gevo Inc. [NASDAQ:GEVO] by around 5,722,525 shares. Additionally, 61 investors decreased positions by around 7,525,833 shares, while 24 investors held positions by with 56,472,913 shares. The mentioned changes placed institutional holdings at 69,721,271 shares, according to the latest SEC report filing. GEVO stock had 25 new institutional investments in for a total of 3,690,722 shares, while 23 institutional investors sold positions of 605,878 shares during the same period.