Gevo (NASDAQ:GEVO) Trading Down 3.3% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO) was down 3.3% during trading on Wednesday . The stock traded as low as $1.87 and last traded at $1.89. Approximately 1,912,570 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 10,222,692 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GEVO shares. UBS Group boosted their target price on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Trading Up 4.2 %

The company has a market cap of $444.11 million, a P/E ratio of -5.46 and a beta of 2.77. 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 business has a 50 day moving average price of $1.81 and a 200-day moving average price of $1.48.

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. The company had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. During the same quarter in the prior year, the firm posted ($0.07) EPS. Analysts forecast that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was 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 of the company’s stock, 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 this hyperlink. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC bought a new position in shares of Gevo in the fourth quarter worth $34,000. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo in the third quarter worth $29,000. International Assets Investment Management LLC bought a new position in shares of Gevo in the fourth quarter worth $59,000. Ballentine Partners LLC bought a new position in shares of Gevo in the fourth quarter worth $54,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Gevo by 166.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after purchasing an additional 28,000 shares during the period. Institutional investors 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.