Gevo Inc. [GEVO] Stock trading around $1.84 per share: What’s Next?

Gevo Inc. [NASDAQ: GEVO] stock went on a downward path that fall over -4.17% on Monday, amounting to a one-week price decrease of less than -0.54%. The company report on February 27, 2023 that Gevo Finalizes Renewable Hydrogen Development Services Agreement with Zero6 Energy, Selects Cummins as Technology Partner.

“We are excited to again be working with the Zero6 team on the development of a project that is crucial to the decarbonization of Gevo’s liquid transportation fuels and our long-term goal of developing net-zero emissions fuel and chemical products,” said Gevo’s President & COO, Dr. Chris Ryan. “After our mutual success on the development of wind power for the defossilized electrification of our development facility in Luverne, Minnesota, we are confident that Zero6 will be an excellent partner for our Net-Zero 1 hydrocarbon production facility.”.

Over the last 12 months, GEVO stock dropped by -45.40%. The one-year Gevo Inc. stock forecast points to a potential upside of 73.29. The average equity rating for GEVO stock is currently 2.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $425.11 million, with 236.65 million shares outstanding and 230.16 million shares in the current float. Compared to the average trading volume of 6.46M shares, GEVO stock reached a trading volume of 5626661 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 $6.89 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 2.30. 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.

UBS have made an estimate for Gevo Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 14, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on October 19, 2022, representing the official price target for Gevo Inc. stock. Previously, the target price had yet another raise to $5, while Citigroup analysts kept a Buy rating on GEVO stock.

The Average True Range (ATR) for Gevo Inc. is set at 0.12, with the Price to Sales ratio for GEVO stock in the period of the last 12 months amounting to 607.31. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 1.83.

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 -0.54. With this latest performance, GEVO shares dropped by -16.36% in over the last four-week period, additionally sinking by -35.66% over the last 6 months – not to mention a drop of -45.40% 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 42.19, with the RSI for the last a single of trading hit 40.31, and the three-weeks RSI is set at 43.96 for Gevo Inc. [GEVO]. The present Moving Average for the last 50 days of trading for this stock 1.9700, while it was recorded at 1.8640 for the last single week of trading, and 2.4697 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 24.30 and a Current Ratio set at 24.50.

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 $194 million, or 51.30% of GEVO stock, in the hands of institutional investors. The top three institutional holders of GEVO stocks are: STATE STREET CORP with ownership of 26,215,340, which is approximately 3.18% of the company’s market cap and around 2.90% of the total institutional ownership; BLACKROCK INC., holding 25,484,700 shares of the stock with an approximate value of $46.89 million in GEVO stocks shares; and VANGUARD GROUP INC, currently with $24.82 million in GEVO stock with ownership of nearly 8.262% of the company’s market capitalization.

Positions in Gevo Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 78 institutional holders increased their position in Gevo Inc. [NASDAQ:GEVO] by around 10,220,898 shares. Additionally, 61 investors decreased positions by around 13,121,972 shares, while 27 investors held positions by with 82,349,574 shares. The mentioned changes placed institutional holdings at 105,692,444 shares, according to the latest SEC report filing. GEVO stock had 28 new institutional investments in for a total of 2,520,935 shares, while 21 institutional investors sold positions of 2,609,012 shares during the same period.