Gevo (NASDAQ:GEVO) Stock Price Down 8.5% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) shares were down 8.5% during trading on Thursday . The stock traded as low as $1.75 and last traded at $1.77. Approximately 2,785,680 shares were traded during trading, a decline of 72% from the average daily volume of 9,940,429 shares. The stock had previously closed at $1.93.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th. UBS Group upped their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock 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 current ratio of 8.25 and a quick ratio of 8.05. The company has a market cap of $444.11 million, a PE ratio of -5.46 and a beta of 2.77. The business has a fifty day simple moving average of $1.82 and a two-hundred day simple moving average of $1.49.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The firm had revenue of $1.97 million during the quarter, compared to analysts’ expectations of $6.08 million. During the same period in the prior year, the business posted ($0.07) EPS. Research analysts anticipate that Gevo, Inc. will post -0.32 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 completion of the sale, the insider now directly owns 332,430 shares in the company, valued at $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 is available at the SEC website. Insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

Several hedge funds and other institutional investors have recently made changes to their positions in GEVO. Signal Advisors Wealth LLC acquired a new stake in shares of Gevo during the fourth quarter worth $34,000. Lauterbach Financial Advisors LLC acquired a new stake in Gevo during the 3rd quarter worth about $29,000. International Assets Investment Management LLC purchased a new stake in Gevo during the 4th quarter valued at about $59,000. Ballentine Partners LLC acquired a new position in shares of Gevo in the fourth quarter valued at about $54,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Gevo by 166.4% in the fourth 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. Hedge funds and other 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.