Gevo (NASDAQ:GEVO) Trading Down 3.3% – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO)’s share price dropped 3.3% during trading on Wednesday . The company traded as low as $2.61 and last traded at $2.61. Approximately 1,939,986 shares changed hands during trading, a decline of 66% from the average daily volume of 5,750,840 shares. The stock had previously closed at $2.70.

Wall Street Analyst Weigh In

GEVO has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Gevo in a report on Friday, October 18th. UBS Group upped their target price on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Trading Down 5.9 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. The company has a 50 day moving average of $1.59 and a 200 day moving average of $0.97. The stock has a market capitalization of $608.26 million, a price-to-earnings ratio of -8.16 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same period last year, the company posted ($0.06) EPS. On average, research analysts predict that Gevo, Inc. will post -0.34 EPS for the current fiscal year.

Insider Transactions at Gevo

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 completion of the sale, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Patrick R. Gruber sold 127,276 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the completion of the transaction, the chief executive officer now directly owns 3,922,404 shares in the company, valued at $2,000,426.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Bloom sold 16,000 shares of Gevo 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 transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This 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 583,171 shares of company stock worth $421,858 in the last quarter. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bayesian Capital Management LP purchased a new position in Gevo in the 1st quarter valued at approximately $27,000. FinTrust Capital Advisors LLC acquired a new stake in Gevo in the first quarter valued at $38,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo during the second quarter worth approximately $51,000. Point72 DIFC Ltd purchased a new position in shares of Gevo in the 2nd quarter valued at $64,000. Finally, XTX Topco Ltd raised its stake in Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares in the last quarter. Institutional investors and hedge funds 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.