GEVO Stock Summary and Trading Ideas (Gevo | NASDAQ:GEVO)

Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment, Renewable Natural Gas Segment, Net-Zero Segment, and the Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of SAF, commercial opportunities for other renewable hydrocarbon products and isobutanol, including the development of its biocatalysts, and the produces-pipeline quality methane gas captured from dairy cow manure.

Gevo trades on the NASDAQ stock market under the symbol GEVO.

As of April 19, 2024, GEVO stock price climbed to $0.66 with 14,195,788 million shares trading.

GEVO has a beta of 2.20, meaning it tends to be more sensitive to market movements. GEVO has a correlation of 0.14 to the broad based SPY ETF.

GEVO has a market cap of $159.42 million. This is considered a Micro Cap stock.

Last quarter Gevo reported $4 million in Revenue and -$.08 earnings per share. This fell short of revenue expectation by $-46,000 and missed earnings estimates by -$.03.

In the last 3 years, GEVO stock traded as high as $9.64 and as low as $.59.

The top ETF exchange traded funds that GEVO belongs to (by Net Assets): VTI, IWM, VXF, IWN, VDE.

GEVO has underperformed the market in the last year with a price return of -45.6% while the SPY ETF gained +21.2%. GEVO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.0% and -13.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

GEVO support price is $.57 and resistance is $.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GEVO stock will trade within this expected range on the day.