Gevo (NASDAQ:GEVO) Reaches New 52-Week High – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2.16 and last traded at $2.13, with a volume of 1295940 shares changing hands. The stock had previously closed at $2.08.

Analyst Ratings Changes

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

Gevo Trading Up 17.8 %

The business’s 50-day simple moving average is $1.22 and its two-hundred day simple moving average is $0.84. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $626.02 million, a PE ratio of -9.14 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The company had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. During the same period in the prior year, the company posted ($0.06) EPS. On average, analysts predict that Gevo, Inc. will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In other Gevo news, CEO Patrick R. Gruber sold 164,428 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $124,965.28. Following the completion of the transaction, the chief executive officer now owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick R. Gruber sold 127,276 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total value of $64,910.76. Following the sale, the chief executive officer now directly owns 3,922,404 shares in the company, valued at $2,000,426.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick R. Gruber sold 164,428 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the transaction, the chief executive officer now owns 3,757,976 shares of the company’s stock, valued at $2,856,061.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 759,600 shares of company stock valued at $486,431 in the last quarter. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bayesian Capital Management LP bought a new position in Gevo in the 1st quarter valued at about $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo in the 1st quarter worth approximately $38,000. XTX Topco Ltd lifted its stake in shares of Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after acquiring an additional 63,179 shares in the last quarter. Finally, Alternative Investment Advisors LLC. acquired a new position in shares of Gevo during the second quarter valued at approximately $51,000. 35.17% of the stock is currently 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.