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

Gevo, Inc. (NASDAQ:GEVO)’s share price dropped 2.1% during mid-day 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Friday, October 18th. UBS Group lifted their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Trading Down 0.4 %

The business’s fifty day moving average is $1.72 and its 200-day moving average is $1.02. The stock has a market capitalization of $565.15 million, a PE ratio of -7.25 and a beta of 2.94. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The firm had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. During the same quarter in the prior year, the business posted ($0.06) earnings per share. As a group, analysts anticipate that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insider Transactions at Gevo

In related news, COO Christopher Michael Ryan sold 84,014 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the completion of the transaction, the chief operating officer now owns 1,573,934 shares in the company, valued at $1,196,189.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Gevo news, COO Christopher Michael Ryan sold 84,014 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the transaction, the chief executive officer now directly owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 350,563 shares of company stock valued at $303,228. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bayesian Capital Management LP bought a new stake in Gevo during the first quarter worth approximately $27,000. Lauterbach Financial Advisors LLC acquired a new stake in Gevo during the third quarter worth about $29,000. Alternative Investment Advisors LLC. acquired a new position in shares of Gevo in the second quarter valued at $51,000. Point72 DIFC Ltd bought a new position in Gevo in the second quarter worth $64,000. Finally, Paloma Partners Management Co bought a new stake in Gevo in the 1st quarter valued at $74,000. Institutional investors and hedge funds 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.