Gevo (NASDAQ:GEVO) Shares Gap Up – Here’s Why

Gevo, Inc. (NASDAQ:GEVO) shares gapped up prior to trading on Thursday . The stock had previously closed at $2.25, but opened at $3.02. Gevo shares last traded at $2.86, with a volume of 11,038,505 shares changing hands.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Friday.

Gevo Trading Up 18.1 %

The company has a market cap of $739.41 million, a price-to-earnings ratio of -10.79 and a beta of 2.98. The firm has a fifty day moving average price of $1.27 and a 200 day moving average price of $0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The company had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same quarter last year, the firm posted ($0.06) EPS. As a group, equities analysts predict that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling at Gevo

In other news, CEO Patrick R. Gruber sold 164,428 shares of Gevo stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $124,965.28. Following the completion of the transaction, the chief executive officer now directly owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Patrick R. Gruber sold 108,966 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total value of $64,289.94. Following the transaction, the chief executive officer now directly owns 4,049,680 shares of the company’s stock, valued at $2,389,311.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick R. Gruber sold 164,428 shares of Gevo stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $124,965.28. Following the sale, the chief executive officer now directly owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 759,600 shares of company stock worth $486,431 over the last 90 days. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bayesian Capital Management LP bought a new position in shares of Gevo during the first quarter worth approximately $27,000. FinTrust Capital Advisors LLC acquired a new position in Gevo in the 1st quarter valued at $38,000. Alternative Investment Advisors LLC. bought a new position in Gevo during the 2nd quarter worth $51,000. Point72 DIFC Ltd acquired a new stake in shares of Gevo during the second quarter worth $64,000. Finally, Paloma Partners Management Co bought a new stake in shares of Gevo in the first quarter valued at about $74,000. 35.17% of the stock is owned by institutional investors.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.