Gevo, Inc. (NASDAQ:GEVO) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded Gevo, Inc. (NASDAQ:GEVO) to Hold in a report released on 09/23/2016.
Previously on 3/30/2016, Cowen reported about Gevo, Inc. (NASDAQ:GEVO) lowered the target price from $3.00 to $1.00. At the time, this indicated a possible upside of 2.57%.
Yesterday Gevo, Inc. (NASDAQ:GEVO) traded -1.10% lower at $0.48. The company’s 50-day moving average is $0.55 and its 200-day moving average is $0.45. The last stock close price is up 5.61% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 7,809,505 shares of the stock were exchanged, down from an average trading volume of 7,907,370
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Gevo, Inc. has a 52 week low of $0.22 and a 52 week high of $2.24 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 2 firms have issued a report on the stock. The consensus target price is $3.00 with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Gevo, Inc. (NASDAQ:GEVO)
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. It has two operating segments: the Gevo, Inc. segment and the Gevo Development/Agri-Energy segment. Its Gevo, Inc. segment is responsible for research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel, its Retrofit process and the next generation of chemicals and biofuels that will be based on its isobutanol technology. Its Gevo Development/Agri-Energy segment is responsible for the operation of its Agri-Energy Facility and the production of ethanol, isobutanol and related products.
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