Gevo (NASDAQ:GEVO) Stock Price Up 1.2% – Still a Buy?

Gevo, Inc. (NASDAQ:GEVO)’s stock price rose 1.2% during trading on Thursday . The company traded as high as $1.84 and last traded at $1.80. Approximately 866,152 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 8,599,178 shares. The stock had previously closed at $1.78.

Analyst Ratings Changes

A number of analysts have recently weighed in on GEVO shares. HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th. UBS Group boosted their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The business has a 50-day moving average of $1.84 and a 200-day moving average of $1.52. The company has a market capitalization of $423.75 million, a P/E ratio of -5.21 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $1.97 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned ($0.07) EPS. On average, sell-side analysts anticipate that Gevo, Inc. will post -0.32 EPS for the current year.

Insider Activity

In other news, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently added to or reduced their stakes in GEVO. Signal Advisors Wealth LLC bought a new position in Gevo in the fourth quarter worth approximately $34,000. Lauterbach Financial Advisors LLC purchased a new stake in Gevo in the third quarter worth about $29,000. Financial Advocates Investment Management raised its holdings in shares of Gevo by 28.5% in the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock valued at $188,000 after purchasing an additional 19,980 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Gevo in the 4th quarter worth approximately $59,000. Finally, Ballentine Partners LLC bought a new position in shares of Gevo during the fourth quarter valued at approximately $54,000. 35.17% of the stock is currently owned by institutional investors.

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.