Gevo (NASDAQ:GEVO) Stock Passes Above Two Hundred Day Moving Average of $2.37

Gevo Inc (NASDAQ:GEVO)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.37 and traded as high as $3.50. Gevo shares last traded at $3.45, with a volume of 2,100 shares traded.

A number of research analysts recently weighed in on the stock. ValuEngine cut shares of Gevo from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. HC Wainwright restated a “buy” rating and set a $10.00 target price on shares of Gevo in a research note on Thursday, August 15th. Finally, Zacks Investment Research cut shares of Gevo from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st.

The business’s 50 day moving average is $2.87 and its two-hundred day moving average is $2.37. The company has a market cap of $47.39 million, a PE ratio of -0.66 and a beta of 2.60.

Gevo (NASDAQ:GEVO) last released its earnings results on Wednesday, August 14th. The energy company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.24). Gevo had a negative net margin of 101.94% and a negative return on equity of 31.05%. The firm had revenue of $5.09 million for the quarter, compared to analysts’ expectations of $7.02 million. Research analysts forecast that Gevo Inc will post -2.21 EPS for the current fiscal year.

Gevo Company Profile (NASDAQ:GEVO)

Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.

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