Gevo (NASDAQ:GEVO) Trading Up 0.3% – What’s Next?

Shares of Gevo, Inc. (NASDAQ:GEVOGet Free Report) traded up 0.3% on Wednesday . The stock traded as high as $1.81 and last traded at $1.76. 862,833 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 8,862,810 shares. The stock had previously closed at $1.75.

Analysts Set New Price Targets

GEVO has been the topic of a number of recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th. UBS Group lifted their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Get Our Latest Research Report on GEVO

Gevo Stock Up 0.9 %

The company has a market capitalization of $422.56 million, a PE ratio of -5.16 and a beta of 2.77. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $1.83 and a two-hundred day simple moving average of $1.52.

Gevo (NASDAQ:GEVOGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $1.97 million for the quarter, compared to analyst estimates of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same period last year, the firm posted ($0.07) EPS. Research analysts expect that Gevo, Inc. will post -0.32 EPS for the current year.

Insider Transactions at Gevo

In other news, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction on 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. This represents a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

Institutional investors have recently added to or reduced their stakes in the stock. Signal Advisors Wealth LLC acquired a new stake in shares of Gevo during the 4th quarter valued at approximately $34,000. Lauterbach Financial Advisors LLC purchased a new position in Gevo in the 3rd quarter valued at approximately $29,000. Financial Advocates Investment Management boosted its position in Gevo by 28.5% during the fourth quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock worth $188,000 after purchasing an additional 19,980 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Gevo in the fourth quarter valued at $59,000. Finally, Ballentine Partners LLC acquired a new stake in Gevo in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

About Gevo

(Get Free Report)

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.

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