Gevo (NASDAQ:GEVO) Shares Down 8.5% - Should You Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO - Get Free Report) dropped 8.5% during trading on Thursday . The company 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.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GEVO. UBS Group increased their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. HC Wainwright restated a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th.

Gevo Stock Up 4.2 %

The stock has a fifty day moving average price of $1.82 and a two-hundred day moving average price of $1.49. The company has a market cap of $444.11 million, a price-to-earnings ratio of -5.46 and a beta of 2.77. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The firm had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. As a group, sell-side analysts expect that Gevo, Inc. will post -0.32 EPS for the current year.

Insider Buying and Selling

In related 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 value of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares of the company's stock, 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 SEC, which is available through this link. 4.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently modified their holdings of the business. Millennium Management LLC acquired a new position in Gevo during the second quarter worth about $2,888,000. Point72 Asset Management L.P. lifted its stake in Gevo by 54.2% in the 3rd 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Gevo in the second quarter valued at approximately $295,000. Cubist Systematic Strategies LLC acquired a new position in shares of Gevo during the second quarter worth $112,000. Finally, Point72 DIFC Ltd bought a new position in shares of Gevo in the 2nd quarter valued at $64,000. Institutional investors and hedge funds own 35.17% of the company's stock.

About Gevo

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.