In Tuesday’s session, Green Plains Inc. (NASDAQ:GPRE) marked $30.86 per share, down from $31.78 in the previous session. While Green Plains Inc. has underperformed by -2.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GPRE fell by -2.00%, with highs and lows ranging from $41.25 to $26.09, whereas the simple moving average fell by -4.28% in the last 200 days.
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On January 17, 2023, Stephens Downgraded Green Plains Inc. (NASDAQ: GPRE) to Equal-Weight. A report published by UBS on December 14, 2022, Initiated its previous ‘Buy’ rating for GPRE. BMO Capital Markets also Downgraded GPRE shares as ‘Market Perform’, setting a target price of $31 on the company’s shares in a report dated October 24, 2022. BofA Securities August 15, 2022d the rating to Neutral on August 15, 2022, and set its price target from $40 to $43. Evercore ISI January 18, 2022d its ‘In-line’ rating to ‘Outperform’ for GPRE, as published in its report on January 18, 2022. Oppenheimer’s report from December 09, 2021 suggests a price prediction of $46 for GPRE shares, giving the stock a ‘Outperform’ rating. Evercore ISI also rated the stock as ‘In-line’.
Analysis of Green Plains Inc. (GPRE)
Further, the quarter-over-quarter increase in sales is 13.90%, showing a positive trend in the upcoming months.
Green Plains Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -13.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and GPRE has an average volume of 858.09K. On a monthly basis, the volatility of the stock is set at 4.93%, whereas on a weekly basis, it is put at 3.41%, with a loss of -1.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $44.88, showing growth from the present price of $30.86, which can serve as yet another indication of whether GPRE is worth investing in or should be passed over.
How Do You Analyze Green Plains Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.21%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in GPRE shares?
The recent increase in stakes in GPRE appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in GPRE has increased by 14.98% in the first quarter. The company now owns 7,614,748 shares of the stock, with a value of $264.0 million, following the purchase of 992,208 additional shares during the last quarter. SSgA Funds Management, Inc. made another increased to its shares in GPRE during the first quarter, upping its stake by 20.51%. During the last quarter, the company picked up 742,007 additional shares for a total stake of worth $151.13 million, bringing number of shares owned by the company to 4,359,232.
During the first quarter, Ancora Alternatives LLC added a 31,483 position in GPRE. The Vanguard Group, Inc. purchased an additional 0.21 million shares in the last quarter, increasing its holdings by 5.43%, now holding 4.09 million shares worth $141.9 million. At the end of the first quarter, Franklin Mutual Advisers LLC decreased its GPRE holdings by -5.03% and now holds 3.72 million GPRE shares valued at $128.93 million with the lessened -0.2 million shares during the period.
