Gevo (NASDAQ:GEVO) Stock Price Up 11.6% – Time to Buy?

Gevo, Inc. (NASDAQ:GEVO) shares rose 11.6% during mid-day trading on Thursday . The stock traded as high as $1.93 and last traded at $1.92. Approximately 3,195,923 shares traded hands during trading, a decline of 45% from the average daily volume of 5,861,809 shares. The stock had previously closed at $1.72.

Analyst Ratings Changes

GEVO has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Friday, October 18th.

Gevo Trading Down 16.3 %

The company’s 50 day moving average price is $1.80 and its two-hundred day moving average price is $1.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The stock has a market capitalization of $380.76 million, a PE ratio of -4.97 and a beta of 2.94.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $5.26 million for 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 period last year, the firm posted ($0.06) earnings per share. As a group, analysts expect that Gevo, Inc. will post -0.36 earnings per share for the current year.

Insider Transactions at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares of the company’s stock, valued at $787,859.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Gevo news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 377,474 shares of company stock valued at $367,007. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Institutional investors have recently made changes to their positions in the stock. Bayesian Capital Management LP acquired a new position in shares of Gevo in the first quarter valued at approximately $27,000. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo in the third quarter valued at approximately $29,000. Alternative Investment Advisors LLC. acquired a new position in shares of Gevo in the second quarter valued at approximately $51,000. Point72 DIFC Ltd acquired a new position in shares of Gevo in the second quarter valued at approximately $64,000. Finally, Paloma Partners Management Co acquired a new position in shares of Gevo in the first quarter valued at approximately $74,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

About Gevo

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.