Gevo (NASDAQ:GEVO) Stock Price Down 1.3% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) shares fell 1.3% on Monday . The company traded as low as $3.06 and last traded at $3.09. 9,856,638 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 5,632,486 shares. The stock had previously closed at $3.13.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Gevo in a research report on Friday.

Gevo Stock Performance

The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $1.27 and its two-hundred day moving average price is $0.86. The firm has a market capitalization of $781.93 million, a PE ratio of -11.45 and a beta of 2.98.

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

Insider Buying and Selling

In related news, CEO Patrick R. Gruber sold 108,966 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total transaction of $64,289.94. Following the sale, the chief executive officer now owns 4,049,680 shares in the company, valued at approximately $2,389,311.20. This trade represents a 0.00 % 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 this hyperlink. In other Gevo news, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $53,000.88. Following the transaction, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick R. Gruber sold 108,966 shares of Gevo stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total transaction of $64,289.94. Following the completion of the transaction, the chief executive officer now owns 4,049,680 shares in the company, valued at approximately $2,389,311.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 759,600 shares of company stock worth $486,431. 4.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Gevo

A number of hedge funds have recently made changes to their positions in GEVO. Millennium Management LLC acquired a new position in shares of Gevo in the 2nd quarter valued at $2,888,000. Thomist Capital Management LP bought a new stake in shares of Gevo in the 1st quarter worth about $1,833,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo in the 2nd quarter worth about $295,000. Vanguard Group Inc. increased its position in shares of Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after purchasing an additional 409,693 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Gevo in the 2nd quarter worth about $112,000. 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.