Gevo (NASDAQ:GEVO) Stock Price Down 8.5% – Time to Sell?

Gevo, Inc. (NASDAQ:GEVO) dropped 8.5% during trading on Thursday . The stock traded as low as $1.75 and last traded at $1.77. Approximately 2,785,680 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 9,940,429 shares. The stock had previously closed at $1.93.

Analyst Upgrades and Downgrades

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

Gevo Stock Down 7.5 %

The company has a market capitalization of $427.35 million, a price-to-earnings ratio of -5.25 and a beta of 2.77. The firm’s 50-day simple moving average is $1.81 and its two-hundred day simple moving average is $1.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.08 million. During the same period in the previous year, the company earned ($0.07) EPS. Sell-side analysts predict that Gevo, Inc. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction dated 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 owns 332,430 shares in the company, valued at $787,859.10. The trade was a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Institutional investors have recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC acquired a new stake in shares of Gevo in the 4th quarter valued at about $34,000. Lauterbach Financial Advisors LLC acquired a new position in Gevo in the third quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new position in shares of Gevo during the fourth quarter valued at approximately $59,000. Ballentine Partners LLC acquired a new stake in shares of Gevo during the 4th quarter worth approximately $54,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Gevo by 166.4% in the 4th 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 last quarter. Institutional investors and hedge funds 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.