Gevo (NASDAQ:GEVO) Shares Down 2.1% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO)’s share price dropped 2.1% during trading on Tuesday . The stock traded as low as $2.29 and last traded at $2.32. Approximately 1,446,600 shares were traded during trading, a decline of 75% from the average daily volume of 5,807,213 shares. The stock had previously closed at $2.37.

Wall Street Analyst Weigh In

Several research firms have weighed in on GEVO. UBS Group lifted their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Friday, October 18th.

Gevo Stock Up 10.5 %

The firm has a market capitalization of $454.99 million, a P/E ratio of -6.00 and a beta of 2.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. The firm’s 50-day moving average is $1.76 and its 200 day moving average is $1.04.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.93 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. As a group, equities research analysts predict that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of Gevo 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 sale, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was 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 owns 332,430 shares in the company, valued at $787,859.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the sale, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 377,474 shares of company stock valued at $367,007 in the last quarter. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gevo

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new stake in Gevo in the second quarter valued at $2,888,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Gevo in the 2nd quarter valued at about $295,000. Vanguard Group Inc. grew its holdings in Gevo by 3.1% during the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after purchasing an additional 409,693 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Gevo during the second quarter worth approximately $112,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Gevo in the first quarter valued at approximately $89,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.