Gevo (NASDAQ:GEVO) Trading Down 3.3% – Time to Sell?

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Gevo in a report on Wednesday, November 13th.

Gevo Stock Down 1.8 %

The stock has a market cap of $458.47 million, a P/E ratio of -5.65 and a beta of 2.77. The firm’s fifty day moving average is $1.80 and its 200 day moving average is $1.47. 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 posted its earnings results 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 business had revenue of $1.97 million for the quarter, compared to analysts’ expectations of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. As a group, equities research analysts forecast that Gevo, Inc. will post -0.33 EPS for the current year.

Insider Activity

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the business’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 value of $63,779.07. Following the sale, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gevo

Several hedge funds have recently bought and sold shares of the company. Signal Advisors Wealth LLC bought a new position in Gevo during the fourth quarter worth about $34,000. Lauterbach Financial Advisors LLC bought a new position in Gevo during the 3rd quarter worth $29,000. International Assets Investment Management LLC acquired a new position in shares of Gevo in the fourth quarter worth approximately $59,000. Ballentine Partners LLC bought a new stake in shares of Gevo in the 4th quarter valued at $54,000. Finally, Janney Montgomery Scott LLC grew its holdings in Gevo by 166.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after acquiring an additional 28,000 shares during the period. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.