Gevo (NASDAQ:GEVO – Get Free Report) released its quarterly earnings data on Thursday. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02, Zacks reports. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The business had revenue of $4.15 million during the quarter, compared to analysts’ expectations of $3.85 million.
Gevo Price Performance
Shares of GEVO opened at $1.14 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39. The stock has a market cap of $271.73 million, a PE ratio of -3.34 and a beta of 2.72. The firm has a fifty day moving average price of $1.55 and a 200 day moving average price of $1.75.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price target 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.
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