Gevo (NASDAQ:GEVO) Shares Down 6.5% – Here’s Why

Gevo, Inc. (NASDAQ:GEVO)’s stock price was down 6.5% on Tuesday . The company traded as low as $2.72 and last traded at $2.73. Approximately 3,002,357 shares were traded during trading, a decline of 48% from the average daily volume of 5,739,747 shares. The stock had previously closed at $2.92.

Analyst Ratings Changes

GEVO has been the subject of a number of research analyst reports. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Friday, October 18th. UBS Group increased 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 Performance

The stock’s 50 day moving average is $1.62 and its 200 day moving average is $0.98. The stock has a market capitalization of $562.76 million, a price-to-earnings ratio of -7.34 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.

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

Insider Activity at Gevo

In related 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 sale, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Gevo news, CFO L Lynn Smull sold 69,738 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 transaction of $53,000.88. Following the completion of the sale, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 583,171 shares of company stock worth $421,858. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gevo

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gevo in the 1st quarter worth approximately $89,000. BNP Paribas Financial Markets grew 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 valued at $110,000 after purchasing an additional 63,179 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo during the 1st quarter worth approximately $38,000. Vanguard Group Inc. lifted its holdings in shares of Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after purchasing an additional 409,693 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Gevo by 128.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock worth $263,000 after buying an additional 192,457 shares during the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.