Gevo (NASDAQ:GEVO) Trading Down 4.2% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO) fell 4.2% during trading on Tuesday . The company traded as low as $1.72 and last traded at $1.73. 1,328,526 shares were traded during mid-day trading, a decline of 85% from the average session volume of 9,138,387 shares. The stock had previously closed at $1.80.

Analyst Ratings Changes

A number of research firms recently commented on GEVO. UBS Group increased their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and set a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Trading Down 0.6 %

The firm has a fifty day simple moving average of $1.85 and a two-hundred day simple moving average of $1.52. The stock has a market cap of $423.75 million, a PE ratio of -5.21 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.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $1.97 million for the quarter, compared to analysts’ expectations 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 period last year, the firm posted ($0.07) EPS. As a group, equities analysts expect that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity at Gevo

In related news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gevo

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Signal Advisors Wealth LLC bought a new stake in shares of Gevo in the 4th quarter worth approximately $34,000. Lauterbach Financial Advisors LLC bought a new stake in shares of Gevo during the third quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $59,000. Ballentine Partners LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $54,000. Finally, Centerpoint Advisory Group bought a new stake in shares of Gevo during the fourth quarter valued at approximately $75,000. 35.17% of the stock is currently owned by institutional investors.

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.