Gevo (NASDAQ:GEVO) Stock Price Up 2.5% – Here’s What Happened

Shares of Gevo, Inc. (NASDAQ:GEVO) rose 2.5% on Friday . The company traded as high as $1.84 and last traded at $1.82. Approximately 614,148 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 8,312,065 shares. The stock had previously closed at $1.77.

Wall Street Analysts Forecast Growth

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

Gevo Stock 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 stock’s 50-day moving average is $1.85 and its 200 day moving average is $1.53. The firm has a market cap of $421.36 million, a P/E ratio of -5.18 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The business had revenue of $1.97 million during the quarter, compared to analysts’ expectations of $6.08 million. During the same quarter in the prior year, the company earned ($0.07) EPS. On average, research analysts predict that Gevo, Inc. will post -0.32 earnings per share for the current year.

Insiders Place Their Bets

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the 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 completion of the transaction, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of large investors have recently added to or reduced their stakes in GEVO. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo in the 3rd quarter valued at about $29,000. Signal Advisors Wealth LLC bought a new position in shares of Gevo in the 4th quarter valued at about $34,000. Ballentine Partners LLC bought a new position in shares of Gevo in the 4th quarter valued at about $54,000. International Assets Investment Management LLC bought a new position in shares of Gevo in the 4th quarter valued at about $59,000. Finally, Centerpoint Advisory Group bought a new position in shares of Gevo in the 4th quarter valued at about $75,000. 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.