Gevo Inc. [NASDAQ: GEVO] stock went on a downward path that fall over -5.98% on Monday, amounting to a one-week price decrease of less than -0.65%. The company report on March 22, 2022 that Delta Air Lines Signs 75 Million Gallon Per Year Agreement with Gevo.
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Agreement valued at approximately $2.8 billion of revenue over seven years, inclusive of the value from environmental benefits.
Gevo, Inc. (NASDAQ: GEVO) has signed a “take-or-pay” agreement with Delta Air Lines, Inc. (NYSE: DAL) to supply 75 million gallons of sustainable aviation fuel (SAF) per year for seven years (the “Agreement”). Based on current assumptions, including those around future pricing of commodities and the future values of certain environmental benefits, Gevo estimates that the Agreement should generate approximately $2.8 billion of revenue, inclusive of the value from environmental benefits, for Gevo over the seven-year term of the Agreement.
Over the last 12 months, GEVO stock dropped by -42.93%. The one-year Gevo Inc. stock forecast points to a potential upside of 68.92. The average equity rating for GEVO stock is currently 1.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $894.49 million, with 201.96 million shares outstanding and 195.66 million shares in the current float. Compared to the average trading volume of 9.10M shares, GEVO stock reached a trading volume of 7491079 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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.
Citigroup have made an estimate for Gevo Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 09, 2022. While these analysts kept the previous recommendation, Stifel raised their target price to Buy. The new note on the price target was released on August 24, 2021, representing the official price target for Gevo Inc. stock.
The Average True Range (ATR) for Gevo Inc. is set at 0.43, with the Price to Sales ratio for GEVO stock in the period of the last 12 months amounting to 1277.84. The Price to Book ratio for the last quarter was 1.68, with the Price to Cash per share for the same quarter was set at 1.61.
GEVO Stock Performance Analysis:
Gevo Inc. [GEVO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.65. With this latest performance, GEVO shares gained by 44.30% in over the last four-week period, additionally sinking by -37.53% over the last 6 months – not to mention a drop of -42.93% 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 57.88, with the RSI for the last a single of trading hit 57.99, and the three-weeks RSI is set at 56.22 for Gevo Inc. [GEVO]. The present Moving Average for the last 50 days of trading for this stock 3.67, while it was recorded at 4.67 for the last single week of trading, and 5.57 for the last 200 days.
Insight into Gevo Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Gevo Inc. [GEVO] shares currently have an operating margin of -6240.79 and a Gross Margin at -1702.39. Gevo Inc.’s Net Margin is presently recorded at -8326.72.
Return on Equity for this stock declined to -17.07, with Return on Assets sitting at -14.46.
Gevo Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.70 and a Current Ratio set at 10.80.
GEVO Stock EPS
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 Position Details
There are presently around $361 million, or 43.50% of GEVO stock, in the hands of institutional investors. The top three institutional holders of GEVO stocks are: STATE STREET CORP with ownership of 18,662,857, which is approximately 25.531% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 14,386,751 shares of the stock with an approximate value of $65.6 million in GEVO stocks shares; and VANGUARD GROUP INC, currently with $48.02 million in GEVO stock with ownership of nearly 7.502% of the company’s market capitalization.
Positions in Gevo Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 79 institutional holders increased their position in Gevo Inc. [NASDAQ:GEVO] by around 16,173,823 shares. Additionally, 51 investors decreased positions by around 6,718,815 shares, while 26 investors held positions by with 56,272,817 shares. The mentioned changes placed institutional holdings at 79,165,455 shares, according to the latest SEC report filing. GEVO stock had 34 new institutional investments in for a total of 4,468,519 shares, while 24 institutional investors sold positions of 5,013,007 shares during the same period.