Price Target Update on Gevo (NASDAQ:GEVO)

Gevo (NASDAQ:GEVO) : Average target price received by Gevo (NASDAQ:GEVO) is $3 with an expected standard deviation of $2.83. The most aggressive target on the stock is $5, whereas the most downbeat target is $1. 2 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. H.C. Wainwright initiates coverage on Gevo (NASDAQ:GEVO). The rating major has initiated the coverage with buy rating on the shares. The Analysts at H.C. Wainwright announces a current price target of $5 per share. The rating by the firm was issued on August 19, 2015.

Gevo (NASDAQ:GEVO): stock turned positive on Thursday. Though the stock opened at $0.5021, the bulls momentum made the stock top out at $0.588 level for the day. The stock recorded a low of $0.5021 and closed the trading day at $0.582, in the green by 15.13%. The total traded volume for the day was 12,180,869. The stock had closed at $0.5055 in the previous days trading.

The company shares have dropped -86.54% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $3.88 and the one year low was seen on Apr 6, 2016. The 50-Day Moving Average price is $0.42 and the 200 Day Moving Average price is recorded at $0.43. On the companys insider trading activities, Ryan Christopher Michael, officer (President and COO) of Gevo, Inc., unloaded 121 shares at an average price of $0.44 on June 13, 2016. The total amount of the transaction was worth $053, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Gevo, Inc. (Gevo) is a renewable chemicals and biofuels company. The Compnay is focused on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The Company operates through two segments: the Gevo, Inc. and the Gevo Development/Agri-Energy. The Gevo, Inc. segment is responsible for all research and development activities related to the production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel. The Gevo Development/Agri-Energy Segment is responsible for the operation of its Agri-Energy Facility and the production of ethanol, isobutanol and related products.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.