Gevo, Inc. (GEVO) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Gevo, Inc. (NASDAQ:GEVO) released its quarterly earnings data on Thursday. The energy company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.10, Bloomberg Earnings reports. The business had revenue of $7.54 million for the quarter, compared to analyst estimates of $5.63 million. Gevo had a negative return on equity of 38.26% and a negative net margin of 149.25%.

Gevo (NASDAQ GEVO) traded down 0.6006% during trading on Friday, reaching $0.6124. The company’s stock had a trading volume of 357,699 shares. The company’s market cap is $9.22 million. The stock has a 50-day moving average price of $0.63 and a 200 day moving average price of $1.20. Gevo has a 52-week low of $0.53 and a 52-week high of $16.16.

An institutional investor recently bought a new position in Gevo stock. Sabby Management LLC acquired a new position in Gevo, Inc. (NASDAQ:GEVO) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 1,148,755 shares of the energy company’s stock, valued at approximately $1,274,000. Sabby Management LLC owned approximately 16.26% of Gevo at the end of the most recent quarter. Institutional investors and hedge funds own 15.86% of the company’s stock.

Separately, HC Wainwright set a $12.00 price objective on Gevo and gave the company a “buy” rating in a research note on Wednesday, July 26th.

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Gevo Company Profile

Gevo, Inc (Gevo) is a renewable chemicals and next generation biofuels company. The Company has developed a technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstock.