Gevo (NASDAQ:GEVO) Trading Up 11.6% – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO)’s share price rose 11.6% on Thursday . The stock traded as high as $1.93 and last traded at $1.92. Approximately 3,195,923 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 5,861,809 shares. The stock had previously closed at $1.72.

Analyst Ratings Changes

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

Gevo Price Performance

The firm has a market cap of $459.78 million, a PE ratio of -6.00 and a beta of 2.94. The stock’s fifty day moving average price is $1.76 and its 200-day moving average price is $1.04. 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 posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (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 net margin of 407.97% and a negative return on equity of 13.50%. During the same period last year, the firm earned ($0.06) EPS. As a group, equities analysts forecast that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares in the company, 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 filing with the SEC, which is available through the SEC website. Also, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 377,474 shares of company stock worth $367,007. 4.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GEVO. Lauterbach Financial Advisors LLC acquired a new position in Gevo in the third quarter valued at $29,000. Bayesian Capital Management LP purchased a new stake in shares of Gevo during the 1st quarter valued at $27,000. XTX Topco Ltd grew its stake in shares of Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after buying an additional 51,057 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in Gevo during the 3rd quarter valued at approximately $114,000. 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.