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

Gevo, Inc. (NASDAQ:GEVO)’s stock price traded down 13.9% on Tuesday . The company traded as low as $1.86 and last traded at $1.90. 5,130,079 shares were traded 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $14.00 price target on shares of Gevo in a research report 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 report on Tuesday, October 22nd.

Gevo Price 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 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.48. The stock has a market capitalization of $426.15 million, a price-to-earnings ratio of -5.24 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted ($0.07) EPS. On average, equities research analysts forecast that Gevo, Inc. will post -0.33 EPS for the current fiscal year.

Insider Activity

In other news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Gevo

Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its holdings in Gevo by 166.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock valued at $94,000 after buying an additional 28,000 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Gevo during the 4th quarter valued at about $54,000. Signal Advisors Wealth LLC bought a new stake in Gevo in the fourth quarter valued at about $34,000. International Assets Investment Management LLC acquired a new position in Gevo in the fourth quarter worth about $59,000. Finally, Point72 Asset Management L.P. lifted its stake in Gevo by 54.2% during the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares during the period. 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.