Gevo (NASDAQ:GEVO) Stock Price Up 1.2% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO)’s stock price rose 1.2% on Thursday . The stock traded as high as $1.84 and last traded at $1.80. Approximately 866,152 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 8,599,178 shares. The stock had previously closed at $1.78.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. 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 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 Down 0.6 %

The business has a fifty day moving average of $1.85 and a 200-day moving average of $1.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The company has a market capitalization of $421.36 million, a P/E ratio of -5.18 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last released 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. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The firm had revenue of $1.97 million for the quarter, compared to analyst estimates of $6.08 million. During the same period last year, the firm earned ($0.07) earnings per share. Analysts anticipate that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity at Gevo

In other Gevo 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 value of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gevo

Institutional investors have recently modified their holdings of the business. Millennium Management LLC bought a new position in Gevo during the second quarter valued at about $2,888,000. International Assets Investment Management LLC purchased a new stake in shares of Gevo during the 4th quarter worth approximately $59,000. Point72 Asset Management L.P. lifted its stake in Gevo by 54.2% in the third 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 during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Gevo in the second quarter worth $112,000. Finally, Ballentine Partners LLC bought a new stake in shares of Gevo in the fourth quarter valued at $54,000. 35.17% of the stock is 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.