Gevo (NASDAQ:GEVO) Releases Quarterly Earnings Results

Gevo (NASDAQ:GEVO) issued its quarterly earnings results on Thursday. The energy company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02, Zacks reports. The business had revenue of $4.15 million during the quarter, compared to the consensus estimate of $3.85 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%.

Gevo Trading Down 6.7 %

Shares of Gevo stock traded down $0.09 during trading hours on Friday, hitting $1.18. The company’s stock had a trading volume of 1,450,843 shares, compared to its average volume of 5,588,339. The business has a fifty day moving average of $1.57 and a 200 day moving average of $1.75. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39. The company has a market capitalization of $281.30 million, a PE ratio of -3.43 and a beta of 2.72.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Friday.

About Gevo

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.