Gevo (NASDAQ:GEVO) Trading 6.7% Higher – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO)’s share price was up 6.7% on Monday . The stock traded as high as $3.36 and last traded at $3.34. Approximately 1,983,297 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 5,593,702 shares. The stock had previously closed at $3.13.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Friday, October 18th. UBS Group upped their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday.

Gevo Trading Down 8.5 %

The firm has a market cap of $711.06 million, a P/E ratio of -10.38 and a beta of 2.98. The business’s 50-day moving average is $1.37 and its two-hundred day moving average is $0.90. 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 earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The company had revenue of $5.26 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted ($0.06) earnings per share. As a group, analysts expect that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Patrick R. Gruber sold 108,966 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total transaction of $64,289.94. Following the completion of the transaction, the chief executive officer now owns 4,049,680 shares of the company’s stock, valued at approximately $2,389,311.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Patrick R. Gruber sold 108,966 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total value of $64,289.94. Following the sale, the chief executive officer now owns 4,049,680 shares of the company’s stock, valued at $2,389,311.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick R. Gruber sold 127,276 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775,600 shares of company stock valued at $535,391 over the last three months. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bayesian Capital Management LP bought a new stake in Gevo during the 1st quarter valued at $27,000. FinTrust Capital Advisors LLC acquired a new position in shares of Gevo during the first quarter valued at $38,000. Alternative Investment Advisors LLC. bought a new stake in shares of Gevo during the second quarter valued at about $51,000. Point72 DIFC Ltd bought a new stake in shares of Gevo during the second quarter valued at about $64,000. Finally, Paloma Partners Management Co acquired a new stake in Gevo in the first quarter worth about $74,000. 35.17% of the stock is owned by 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.