Gevo (NASDAQ:GEVO) Shares Gap Up – Here’s Why

Gevo, Inc. (NASDAQ:GEVO) gapped up prior to trading on Thursday . The stock had previously closed at $2.25, but opened at $3.02. Gevo shares last traded at $2.86, with a volume of 11,038,505 shares traded.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday, September 13th.

Gevo Price Performance

The company has a market cap of $614.21 million, a PE ratio of -8.97 and a beta of 2.98. The stock has a 50 day moving average of $1.18 and a 200-day moving average of $0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The business had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. During the same period in the previous year, the firm posted ($0.06) EPS. Equities analysts predict that Gevo, Inc. will post -0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the sale, the chief financial officer now owns 1,169,602 shares of the company’s stock, valued at $888,897.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO L Lynn Smull sold 69,738 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $53,000.88. Following the completion of the transaction, the chief financial officer now directly owns 1,169,602 shares in the company, valued at approximately $888,897.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the completion of the sale, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 759,600 shares of company stock valued at $486,431 in the last three months. 4.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC bought a new position in Gevo during the second quarter valued at about $2,888,000. Thomist Capital Management LP acquired a new stake in shares of Gevo during the first quarter worth $1,833,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Gevo during the 2nd quarter worth approximately $295,000. Vanguard Group Inc. raised its position in shares of Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after buying an additional 409,693 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Gevo during the second quarter worth $112,000. 35.17% of the stock is owned by hedge funds and other 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.