Gevo (NASDAQ:GEVO) Stock Price Up 2.5% – Still a Buy?

Shares of Gevo, Inc. (NASDAQ:GEVO) were up 2.5% during trading on Friday . The stock traded as high as $1.84 and last traded at $1.82. Approximately 614,148 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 8,312,065 shares. The stock had previously closed at $1.77.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GEVO shares. HC Wainwright reissued 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 target on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Up 0.3 %

The company has a market capitalization of $424.95 million, a P/E ratio of -5.22 and a beta of 2.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The firm’s fifty day moving average is $1.85 and its 200-day moving average is $1.52.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The company had revenue of $1.97 million for the quarter, compared to analyst estimates of $6.08 million. During the same period in the previous year, the firm posted ($0.07) EPS. As a group, equities research analysts predict that Gevo, Inc. will post -0.32 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction that occurred on 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 owns 332,430 shares in the company, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo in the 3rd quarter worth approximately $29,000. Signal Advisors Wealth LLC bought a new stake in Gevo during the 4th quarter valued at $34,000. Alternative Investment Advisors LLC. bought a new stake in Gevo during the 2nd quarter valued at $51,000. Ballentine Partners LLC bought a new stake in Gevo during the 4th quarter valued at $54,000. Finally, International Assets Investment Management LLC bought a new stake in Gevo during the 4th quarter valued at $59,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.