Gevo (NASDAQ:GEVO) Trading 0.3% Higher – Here’s Why

Gevo, Inc. (NASDAQ:GEVO) shares traded up 0.3% during mid-day trading on Wednesday . The company traded as high as $1.81 and last traded at $1.76. 862,833 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 8,862,810 shares. The stock had previously closed at $1.75.

Analyst Upgrades and Downgrades

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

Gevo Stock Performance

The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $422.56 million, a price-to-earnings ratio of -5.16 and a beta of 2.77. The firm’s fifty day moving average price is $1.83 and its 200 day moving average price is $1.52.

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

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Signal Advisors Wealth LLC purchased a new position in shares of Gevo in the 4th quarter valued at about $34,000. Lauterbach Financial Advisors LLC purchased a new position in Gevo in the third quarter worth approximately $29,000. Financial Advocates Investment Management grew its holdings in Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock worth $188,000 after acquiring an additional 19,980 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Gevo in the 4th quarter valued at approximately $59,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Gevo in the 4th quarter valued at $54,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.