Shares of Gevo, Inc. (NASDAQ:GEVO – Get Free Report) fell 2.1% during mid-day trading on Tuesday . The company traded as low as $2.29 and last traded at $2.32. 1,446,600 shares changed hands during trading, a decline of 75% from the average session volume of 5,807,213 shares. The stock had previously closed at $2.37.
Analyst Upgrades and Downgrades
GEVO has been the topic of a number of recent research reports. 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 target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.
Gevo Trading Down 0.8 %
The stock has a market cap of $562.75 million, a P/E ratio of -7.25 and a beta of 2.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The business’s 50 day simple moving average is $1.72 and its 200 day simple moving average is $1.02.
Gevo (NASDAQ:GEVO – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same quarter last year, the company earned ($0.06) earnings per share. On average, analysts expect that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $63,850.64. Following the completion of the sale, the chief operating officer now owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Paul D. Bloom sold 16,000 shares of the firm’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 sale, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $63,850.64. Following the completion of the sale, the chief operating officer now directly owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 350,563 shares of company stock worth $303,228 over the last quarter. Company insiders own 4.00% of the company’s stock.
Institutional Trading of Gevo
A number of hedge funds and other institutional investors have recently modified their holdings of GEVO. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gevo in the first quarter valued at approximately $89,000. BNP Paribas Financial Markets grew its holdings in Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after acquiring an additional 63,179 shares during the period. Vanguard Group Inc. grew its holdings in Gevo by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after acquiring an additional 409,693 shares during the period. Price T Rowe Associates Inc. MD grew its holdings 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 acquiring an additional 192,457 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of Gevo during the first quarter worth $74,000. 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.