Gevo (NASDAQ:GEVO) Stock Price Down 8.5% – Time to Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) dropped 8.5% on Thursday . The stock traded as low as $1.75 and last traded at $1.77. Approximately 2,785,680 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 9,940,429 shares. The stock had previously closed at $1.93.

Wall Street Analysts Forecast Growth

GEVO has been the topic of several recent analyst reports. HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th. UBS Group boosted their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The company’s 50 day moving average price is $1.81 and its 200-day moving average price is $1.48. The company has a market cap of $427.35 million, a price-to-earnings ratio of -5.25 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The company had revenue of $1.97 million for the quarter, compared to analysts’ expectations of $6.08 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. On average, equities research analysts forecast that Gevo, Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GEVO. Janney Montgomery Scott LLC grew its position in Gevo by 166.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after acquiring an additional 28,000 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Gevo in the 4th quarter valued at $54,000. Signal Advisors Wealth LLC acquired a new stake in shares of Gevo in the 4th quarter valued at $34,000. International Assets Investment Management LLC bought a new stake in Gevo in the fourth quarter worth $59,000. Finally, Point72 Asset Management L.P. increased its position in Gevo by 54.2% during the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after buying an additional 812,870 shares during the last quarter. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

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.