Gevo (NASDAQ:GEVO) Trading 0.3% Higher – Here’s Why

Gevo, Inc. (NASDAQ:GEVO)’s stock price was up 0.3% on Wednesday . The stock traded as high as $1.81 and last traded at $1.76. Approximately 862,833 shares traded hands during trading, a decline of 90% from the average daily volume of 8,862,810 shares. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group boosted 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 Trading Down 0.6 %

The stock has a market cap of $421.36 million, a P/E ratio of -5.18 and a beta of 2.77. The business’s 50 day simple moving average is $1.85 and its 200 day simple moving average is $1.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, topping 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 business had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. During the same quarter last year, the company earned ($0.07) EPS. On average, analysts expect that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares in the company, valued at $787,859.10. This trade represents a 7.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

Large investors have recently added to or reduced their stakes in the company. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo in the third quarter valued at approximately $29,000. Signal Advisors Wealth LLC acquired a new stake in Gevo during the 4th quarter valued at $34,000. Alternative Investment Advisors LLC. bought a new position in Gevo in the 2nd quarter valued at $51,000. Ballentine Partners LLC bought a new position in Gevo in the 4th quarter valued at $54,000. Finally, International Assets Investment Management LLC acquired a new position in Gevo in the fourth quarter worth $59,000. 35.17% of the stock is 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.