Gevo (NASDAQ:GEVO) Trading Down 13.9% – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO)’s stock price fell 13.9% during mid-day trading on Tuesday . The company traded as low as $1.86 and last traded at $1.90. 5,130,079 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 10,371,905 shares. The stock had previously closed at $2.20.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GEVO shares. UBS Group boosted their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Performance

The stock’s 50 day simple moving average is $1.81 and its two-hundred day simple moving average is $1.48. The company has a market capitalization of $426.15 million, a P/E ratio of -5.24 and a beta of 2.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.97 million during the quarter, compared to analysts’ expectations of $6.08 million. During the same quarter in the previous year, the company posted ($0.07) EPS. As a group, research analysts expect that Gevo, Inc. will post -0.33 earnings per share for the current year.

Insider Transactions at Gevo

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

Institutional Trading of Gevo

Several institutional investors and hedge funds have recently made changes to their positions in GEVO. Janney Montgomery Scott LLC boosted its position in shares of Gevo by 166.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after purchasing an additional 28,000 shares during the last quarter. Ballentine Partners LLC acquired a new position in Gevo in the fourth quarter valued at about $54,000. Signal Advisors Wealth LLC bought a new position in Gevo during the fourth quarter worth about $34,000. International Assets Investment Management LLC acquired a new position in shares of Gevo during the 4th quarter worth about $59,000. Finally, Point72 Asset Management L.P. increased its stake in shares of Gevo by 54.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after acquiring an additional 812,870 shares during the last quarter. 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.