BlackRock Fund Advisors recently announced the acquisition of new stake in Gevo Inc. (NASDAQ:GEVO). The institutional investor has increased its shareholding in the Basic Materials company by 1.81% to 18.41 million shares with purchase of 0.33 million shares. This fresh investment now brings its stake to 7.83% valued currently at $41.41 million. In addition, The Vanguard Group, Inc. raised its holdings by 1.44 million to 12.15 million shares. And Invesco Capital Management LLC has lifted its position by 10.52% or 0.54 million shares – to 5.66 million shares.
With over 8.56 million Gevo Inc. (GEVO) shares trading Monday and a closing price of $2.11 on the day, the dollar volume was approximately $18.06 million. The shares have shown a negative half year performance of -44.33% and its price on 11/21/22 lost nearly -4.52%. Currently, there are 236.65M common shares owned by the public and among those 230.16M shares have been available to trade.
Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 1,718,404 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 1,363,910 shares.
The top 3 mutual fund holders in Gevo Inc. are SPDR S&P Oil & Gas Exploration &, Vanguard Total Stock Market Index, and iShares II Plc – Global Clean Ene. SPDR S&P Oil & Gas Exploration & owns 23.36 million shares of the company’s stock, all valued at over $52.55 million. iShares II Plc – Global Clean Ene now owns shares totaling to 2.07% of the shares outstanding.
Shares of Gevo Inc. (NASDAQ: GEVO) opened at $2.175, down -$0.04 from a prior closing price of $2.21. However, the script later moved the day high at 2.1750, down -4.52%. The company’s stock has a 5-day price change of -10.97% and -33.23% over the past three months. GEVO shares are trading -50.70% year to date (YTD), with the 12-month market performance down to -66.56% lower. It has a 12-month low price of $1.80 and touched a high of $6.56 over the same period. GEVO has an average intraday trading volume of 7.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.78%, -8.55%, and -33.49% respectively.
Institutional ownership of Gevo Inc. (NASDAQ: GEVO) shares accounts for 51.30% of the company’s 236.65M shares outstanding. Mutual fund holders own 3.54%, while other institutional holders and individual stakeholders account for 30.93% and 16.29% respectively.
It has a market capitalization of $511.84M and a beta (3y monthly) value of 3.11. The earnings-per-share (ttm) stands at -$0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.04% over the week and 8.22% over the month.
Analysts forecast that Gevo Inc. (GEVO) will achieve an EPS of -$0.07 for the current quarter, -$0.06 for the next quarter and -$0.25 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was -$0.07 a year ago. Earnings per share for the fiscal year are expected to increase by 57.20%, and 7.10% over the next financial year. EPS should shrink at an annualized rate of 25.00% over the next five years, compared to 72.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Gevo Inc. (GEVO) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 1 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GEVO, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on October 19, 2022, with the firm’s price target at $2.30. Citigroup coverage for the Gevo Inc. (GEVO) stock in a research note released on February 09, 2022 offered a Buy rating with a price target of $5. H.C. Wainwright on their part issued Neutral rating on January 09, 2018.