Gevo (NASDAQ:GEVO) Sets New 52-Week High – Still a Buy?

Shares of Gevo, Inc. (NASDAQ:GEVO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $2.16 and last traded at $2.13, with a volume of 1295940 shares changing hands. The stock had previously closed at $2.08.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Friday.

Gevo Trading Up 17.8 %

The business’s fifty day moving average price is $1.22 and its 200 day moving average price is $0.84. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $626.02 million, a PE ratio of -9.14 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The firm had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. During the same period in the previous year, the company earned ($0.06) EPS. As a group, analysts expect that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Gevo news, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $53,000.88. Following the completion of the sale, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. 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 through this link. In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the transaction, the chief executive officer now owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $53,000.88. Following the completion of the transaction, the chief financial officer now owns 1,169,602 shares in the company, valued at approximately $888,897.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 759,600 shares of company stock worth $486,431. 4.00% of the stock is owned by company insiders.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in GEVO. Thomist Capital Management LP purchased a new stake in Gevo during the first quarter valued at about $1,833,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Gevo during the 1st quarter worth about $89,000. BNP Paribas Financial Markets increased its position 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 purchasing an additional 63,179 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Gevo in the first quarter valued at approximately $38,000. Finally, Vanguard Group Inc. lifted 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 buying an additional 409,693 shares in the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.