Gevo (NASDAQ:GEVO) Upgraded to Buy by ValuEngine

Gevo (NASDAQ:GEVO) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other research firms also recently issued reports on GEVO. Zacks Investment Research downgraded Gevo from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Gevo in a research note on Thursday, August 15th.

NASDAQ:GEVO traded down $0.32 during mid-day trading on Tuesday, reaching $3.03. 315,080 shares of the stock were exchanged, compared to its average volume of 418,977. The company has a 50 day simple moving average of $3.00 and a 200-day simple moving average of $2.40. The stock has a market capitalization of $45.63 million, a P/E ratio of -0.58 and a beta of 2.60. Gevo has a 1 year low of $1.79 and a 1 year high of $4.97.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Wednesday, August 14th. The energy company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.24). The firm had revenue of $5.09 million for the quarter, compared to analysts’ expectations of $7.02 million. Gevo had a negative return on equity of 31.05% and a negative net margin of 101.94%. Sell-side analysts expect that Gevo will post -2.21 EPS for the current fiscal year.

Gevo Company Profile

Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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