Gevo (NASDAQ:GEVO) Stock Price Down 6.3% – Time to Sell?

Gevo, Inc. (NASDAQ:GEVO) shares were down 6.3% during mid-day trading on Thursday . The company traded as low as $2.33 and last traded at $2.39. Approximately 5,284,248 shares traded hands during trading, a decline of 8% from the average daily volume of 5,767,221 shares. The stock had previously closed at $2.55.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GEVO. UBS Group boosted their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Friday, October 18th.

Gevo Stock Performance

The stock has a 50-day moving average of $1.66 and a 200-day moving average of $0.99. The firm has a market cap of $536.42 million, a price-to-earnings ratio of -7.00 and a beta of 2.94. 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 issued its earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting the consensus estimate 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 company posted ($0.06) EPS. As a group, analysts anticipate that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the sale, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their position. 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 company’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 owns 947,882 shares in the company, valued at $2,900,518.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher Michael Ryan sold 84,014 shares of the company’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 $63,850.64. Following the transaction, the chief operating officer now directly owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 583,171 shares of company stock worth $421,858 in the last 90 days. Insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

Several institutional investors and hedge funds have recently modified their holdings of GEVO. Millennium Management LLC bought a new position in Gevo during the second quarter valued at $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gevo during the second quarter valued at about $295,000. Vanguard Group Inc. raised its position in Gevo by 3.1% during the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after purchasing an additional 409,693 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Gevo during the second quarter valued at about $112,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Gevo by 128.8% in the first 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 period. 35.17% of the stock is owned by hedge funds and other 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.