Gevo (NASDAQ:GEVO) Stock Price Down 2.1% – Here’s Why

Shares of Gevo, Inc. (NASDAQ:GEVO) dropped 2.1% during trading on Tuesday . The company traded as low as $2.29 and last traded at $2.32. Approximately 1,446,600 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 5,807,213 shares. The stock had previously closed at $2.37.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Friday, October 18th. UBS Group increased their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Stock Performance

The stock has a 50-day moving average of $1.72 and a 200 day moving average of $1.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. The firm has a market capitalization of $565.15 million, a P/E ratio of -7.25 and a beta of 2.94.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (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 business had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. During the same period last year, the company earned ($0.06) EPS. On average, research analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul D. Bloom sold 16,000 shares of the business’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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Christopher Michael Ryan sold 84,014 shares of Gevo stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $63,850.64. Following the transaction, the chief operating officer now directly owns 1,573,934 shares of the company’s stock, valued at $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 valued at $303,228 over the last ninety days. 4.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Bayesian Capital Management LP purchased a new position in shares of Gevo during the first quarter valued at about $27,000. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo during the 3rd quarter valued at $29,000. Alternative Investment Advisors LLC. purchased a new position in shares of Gevo in the second quarter worth $51,000. Point72 DIFC Ltd purchased a new stake in shares of Gevo during the 2nd quarter worth approximately $64,000. Finally, Paloma Partners Management Co purchased a new position in shares of Gevo in the 1st quarter worth approximately $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.