Gevo (NASDAQ:GEVO) Trading Down 3.8% – Time to Sell?

Gevo, Inc. (NASDAQ:GEVO) shares dropped 3.8% on Monday . The stock traded as low as $1.73 and last traded at $1.79. Approximately 1,149,596 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 9,436,503 shares. The stock had previously closed at $1.86.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Wednesday, November 13th. UBS Group increased their target price on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Stock Performance

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 market cap of $426.15 million, a PE ratio of -5.24 and a beta of 2.77. The stock’s 50 day moving average price is $1.83 and its 200 day moving average price is $1.52.

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

Insider Buying and Selling

In other Gevo 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 completion of 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 filing with the SEC, which is available at the SEC website. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GEVO. Millennium Management LLC bought a new position in Gevo during the 2nd quarter valued at $2,888,000. Point72 Asset Management L.P. raised its stake in shares of Gevo by 54.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after purchasing an additional 812,870 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Gevo during the second quarter worth about $295,000. Cubist Systematic Strategies LLC acquired a new position in Gevo in the second quarter worth about $112,000. Finally, XTX Topco Ltd increased its holdings in Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after buying an additional 51,057 shares during the last quarter. 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.