Gevo’s (GEVO) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Gevo (NASDAQ:GEVO) in a research note published on Monday,Benzinga reports. The firm currently has a $14.00 price target on the energy company’s stock.

Gevo Trading Up 0.8 %

GEVO opened at $1.22 on Monday. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39. The business has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $1.72. The firm has a market cap of $292.08 million, a P/E ratio of -3.59 and a beta of 2.72. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Gevo in the fourth quarter valued at $27,000. IHT Wealth Management LLC acquired a new stake in shares of Gevo in the fourth quarter valued at $29,000. Signal Advisors Wealth LLC acquired a new stake in shares of Gevo in the fourth quarter valued at $34,000. Commonwealth Equity Services LLC acquired a new stake in shares of Gevo in the fourth quarter valued at $49,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Gevo in the fourth quarter valued at $49,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.