Gevo (NASDAQ:GEVO) Trading Down 15.7% – Here’s Why

Shares of Gevo, Inc. (NASDAQ:GEVO) traded down 15.7% during trading on Friday . The company traded as low as $1.41 and last traded at $1.60. 6,982,181 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 5,909,079 shares. The stock had previously closed at $1.90.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group raised their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Friday, October 18th.

Gevo Stock Performance

The stock has a market cap of $380.76 million, a price-to-earnings ratio of -4.97 and a beta of 2.94. The company’s 50 day simple moving average is $1.80 and its 200 day simple moving average is $1.05. 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 announced its earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS 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 firm had revenue of $5.26 million for the quarter, compared to analysts’ expectations of $3.93 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. On average, equities research analysts anticipate that Gevo, Inc. will post -0.36 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Paul D. Bloom sold 16,000 shares of Gevo 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 transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now owns 947,882 shares of the company’s stock, 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. Insiders have sold a total of 377,474 shares of company stock valued at $367,007 over the last three months. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Gevo by 3.1% during the 1st 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 during the last quarter. Millennium Management LLC acquired a new stake in shares of Gevo in the 2nd quarter valued at $2,888,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Gevo during the second quarter worth $295,000. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 acquiring an additional 192,457 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Gevo in the 2nd quarter valued at approximately $112,000. Hedge funds and other institutional investors 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.