Gevo (NASDAQ:GEVO) Stock Price Up 6.3% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO)’s stock price was up 6.3% on Friday . The company traded as high as $3.05 and last traded at $3.03. Approximately 3,832,763 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 5,733,083 shares. The stock had previously closed at $2.85.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GEVO shares. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research report on Friday, October 18th. UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday.

Gevo Price Performance

The stock has a market capitalization of $701.61 million, a price-to-earnings ratio of -10.38 and a beta of 2.98. The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $1.46 and a 200 day simple moving average of $0.92.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The firm had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same period last year, the company posted ($0.06) EPS. On average, equities research analysts forecast that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insider Transactions at Gevo

In other news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the transaction, the chief executive officer now directly owns 3,757,976 shares of the company’s stock, valued at approximately $2,856,061.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the sale, the insider now owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775,600 shares of company stock valued at $535,391 in the last three months. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP acquired a new stake in Gevo in the 1st quarter worth approximately $27,000. FinTrust Capital Advisors LLC acquired a new position in shares of Gevo during the first quarter worth approximately $38,000. XTX Topco Ltd lifted its holdings in shares of Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after buying an additional 51,057 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after buying an additional 63,179 shares during the last quarter. Finally, Alternative Investment Advisors LLC. acquired a new position in shares of Gevo during the second quarter worth approximately $51,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.