Green Plains (NASDAQ:GPRE) Sets New 1-Year Low – Time to Sell?

Green Plains Inc. (NASDAQ:GPRE)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.10 and last traded at $6.20, with a volume of 2690614 shares traded. The stock had previously closed at $6.51.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GPRE. BMO Capital Markets decreased their price target on Green Plains from $13.00 to $8.00 and set a “market perform” rating for the company in a report on Monday. Truist Financial restated a “buy” rating and issued a $12.00 price target (down previously from $18.00) on shares of Green Plains in a report on Thursday. Stephens raised Green Plains to a “hold” rating in a research report on Monday, December 2nd. Finally, StockNews.com downgraded Green Plains from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.56.

Green Plains Trading Up 5.0 %

The company has a market cap of $423.33 million, a price-to-earnings ratio of -17.21, a price-to-earnings-growth ratio of 3.69 and a beta of 1.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.16. The business has a 50 day simple moving average of $9.39 and a 200 day simple moving average of $11.65.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Friday, February 7th. The specialty chemicals company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.64). Green Plains had a negative return on equity of 4.81% and a negative net margin of 0.79%. During the same period last year, the business earned $0.13 earnings per share. As a group, equities analysts forecast that Green Plains Inc. will post -1.02 EPS for the current year.

Institutional Investors Weigh In On Green Plains

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPRE. Van ECK Associates Corp boosted its stake in Green Plains by 433.3% during the 4th quarter. Van ECK Associates Corp now owns 3,344 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 2,717 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Green Plains during the third quarter worth $52,000. KBC Group NV raised its holdings in shares of Green Plains by 120.7% during the fourth quarter. KBC Group NV now owns 6,071 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 3,320 shares during the period. nVerses Capital LLC bought a new stake in Green Plains in the 3rd quarter valued at $65,000. Finally, Cape Investment Advisory Inc. boosted its stake in Green Plains by 340.6% in the 4th quarter. Cape Investment Advisory Inc. now owns 7,050 shares of the specialty chemicals company’s stock worth $67,000 after purchasing an additional 5,450 shares during the period.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.