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

Gevo, Inc. (NASDAQ:GEVO) shot up 11.6% during trading on Thursday . The company traded as high as $1.93 and last traded at $1.92. 3,195,923 shares were traded during trading, a decline of 45% from the average session volume of 5,861,809 shares. The stock had previously closed at $1.72.

Analyst Upgrades and Downgrades

GEVO has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, October 18th.

Gevo Trading Up 11.6 %

The stock has a market cap of $459.78 million, a price-to-earnings ratio of -6.00 and a beta of 2.94. The business’s fifty day simple moving average is $1.76 and its 200 day simple moving average is $1.04. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). The business 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 quarter in the prior year, the firm earned ($0.06) EPS. On average, research analysts predict that Gevo, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling at Gevo

In other news, COO Christopher Michael Ryan sold 84,014 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 1,573,934 shares in the company, valued at approximately $1,196,189.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the firm’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 sale, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher Michael Ryan sold 84,014 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 value of $63,850.64. Following the sale, the chief operating officer now directly owns 1,573,934 shares in the company, valued at $1,196,189.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 377,474 shares of company stock worth $367,007 over the last ninety days. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

Several institutional investors have recently made changes to their positions in GEVO. Bayesian Capital Management LP bought a new position in shares of Gevo in the first quarter valued at approximately $27,000. Lauterbach Financial Advisors LLC bought a new position in Gevo in the third quarter valued at approximately $29,000. Alternative Investment Advisors LLC. bought a new stake in shares of Gevo in the 2nd quarter valued at about $51,000. Point72 DIFC Ltd bought a new position in Gevo in the second quarter valued at approximately $64,000. Finally, Paloma Partners Management Co bought a new stake in Gevo in the 1st quarter valued at approximately $74,000. 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.