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Saturday, December 9, 2023

Is Gevo Inc (NASDAQ: GEVO) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Gevo Inc (GEVO) shows that investor sentiment remained same, with the stock’s consolidated last price to $1.20. The Gevo Inc has recorded 70,572 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Gevo Reports Third Quarter 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Specialty Chemicals industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $1.20 and fluctuated between $1.2000 as its day high and $1.1000 as its day low. The current market capitalization of Gevo Inc is $284.88M. A total of 4.65 million shares were traded on the day, compared to an average of 3.74M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GEVO has seen 0 BUY and 8 SELL insider trades, representing the acquisition of 0 and the disposition of 547,768 shares. Over the last 12 months, there were 13 BUYs and 22 SELLs from insiders. Insiders purchased 2,375,029 shares during that period but sold 899,558.

In the most recent transaction, Gruber Patrick R. sold 171,549 shares of GEVO for 1.38 per share on Aug 23. After the transaction, the Chief Executive Officer now owns 2,963,646 company shares. In a previous transaction on Aug 23, Cesarek Timothy J sold 92,243 shares at 1.38 per share. GEVO shares that Chief Commercial Officer owns now total 946,304.

Among the insiders who sold shares, Bloom Paul D disposed of 87,253 shares on Aug 23 at a per-share price of $1.38. This resulted in the CCO & CIO holding 597,937 shares of GEVO after the transaction. In another insider transaction, Ryan Christopher Michael sold 83,902 shares at $1.38 per share on Aug 23. Company shares held by the President & COO now total 1,194,377.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GEVO in the last 3 months, the mean price target is $4.48 with high estimates of $14.00 and low estimates of $1.30. In terms of 52-week highs and lows, GEVO has a high of $2.49 and a low of $0.97.

As of this writing, GEVO has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.08. The company reported an EPS of -$0.06 in the last quarter, which was -20.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GEVO’s latest balance sheet shows that the firm has $316.17M in Cash & Short Term Investments as of fiscal 2021. There were $90.85M in debt and $32.63M in liabilities at the time. Its Book Value Per Share was $2.38, while its Total Shareholder’s Equity was $547.25M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GEVO is Buy with a score of 3.80.

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