Gevo (GEVO) Shares Gap Up to $0.49
Gevo, Inc. (NASDAQ:GEVO) gapped up before the market opened on Friday . The stock had previously closed at $0.54, but opened at $0.49. Gevo shares last traded at $0.48, with a volume of 480948 shares traded.
GEVO has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Gevo from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note on Thursday, November 9th. ValuEngine raised shares of Gevo from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of Gevo in a research note on Tuesday, November 7th.
The stock has a market capitalization of $9.72, a P/E ratio of -0.27 and a beta of 2.56. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.
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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.
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