Gevo (NASDAQ:GEVO) Trading Down 2.1% – Here’s Why

Gevo, Inc. (NASDAQ:GEVO)’s share price dropped 2.1% during trading on Thursday . The company traded as low as $2.83 and last traded at $2.85. Approximately 2,185,002 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 5,727,240 shares. The stock had previously closed at $2.91.

Wall Street Analysts Forecast Growth

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

Gevo Price Performance

The company has a market cap of $659.09 million, a P/E ratio of -9.83 and a beta of 2.98. The firm’s 50-day moving average is $1.42 and its two-hundred day moving average is $0.91. 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 posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The business had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same period last year, the company earned ($0.06) EPS. Analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other 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 transaction of $63,850.64. Following the completion of the sale, the chief operating officer now 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 SEC, which is accessible through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the sale, the insider now owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 775,600 shares of company stock worth $535,391 over the last quarter. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEVO. Bayesian Capital Management LP acquired a new position in Gevo in the 1st quarter worth approximately $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo in the first quarter worth $38,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo in the second quarter worth $51,000. Paloma Partners Management Co purchased a new position in shares of Gevo during the first quarter worth $74,000. Finally, Point72 DIFC Ltd acquired a new position in Gevo during the second quarter valued at $64,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.