Gevo (NASDAQ:GEVO) Trading Down 4.2% - Time to Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price fell 4.2% on Tuesday . The company traded as low as $1.72 and last traded at $1.73. 1,328,526 shares traded hands during trading, a decline of 85% from the average session volume of 9,138,387 shares. The stock had previously closed at $1.80.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GEVO shares. HC Wainwright reaffirmed a "buy" rating and issued a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th. UBS Group lifted their price objective on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd.

Gevo Stock Down 0.3 %

The company has a market cap of $422.56 million, a price-to-earnings ratio of -5.19 and a beta of 2.77. The stock's 50-day moving average is $1.85 and its 200-day moving average is $1.52. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) 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 company had revenue of $1.97 million for the quarter, compared to analysts' expectations of $6.08 million. During the same period last year, the business earned ($0.07) EPS. On average, analysts anticipate that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now owns 332,430 shares of the company's stock, valued at $787,859.10. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is owned by insiders.

Institutional Trading of Gevo

Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC bought a new position in shares of Gevo during the 2nd quarter valued at approximately $2,888,000. Point72 Asset Management L.P. grew its holdings 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 valued at $3,770,000 after purchasing an additional 812,870 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Gevo in the 2nd quarter valued at about $112,000. Point72 DIFC Ltd purchased a new stake in Gevo during the second quarter valued at about $64,000. Finally, Alternative Investment Advisors LLC. bought a new position in Gevo during the second quarter worth about $51,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.