What’s Next for Gevo, Inc. (GEVO) After Making 1 Year Low?

April 16, 2018 - By Adrian Erickson

Gevo, Inc. (NASDAQ:GEVO) Logo

The stock of Gevo, Inc. (NASDAQ:GEVO) hit a new 52-week low and has $0.36 target or 3.00 % below today’s $0.38 share price. The 5 months bearish chart indicates high risk for the $8.52M company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $0.36 price target is reached, the company will be worth $255,660 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 6.59% or $0.0265 during the last trading session, reaching $0.3754. About 671,094 shares traded or 23.87% up from the average. Gevo, Inc. (NASDAQ:GEVO) has declined 60.16% since April 16, 2017 and is downtrending. It has underperformed by 71.71% the S&P500.

Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum products based on isobutanol produced from renewable feedstocks in the United States. The company has market cap of $8.52 million. It operates through two divisions, Gevo, Inc. and Gevo Development/Agri-Energy. It currently has negative earnings. The firm engages in the research and development, and production of isobutanol; development of its proprietary biocatalysts; production and sale of biojet fuel; and retrofit process of chemicals and biofuels.

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