Gevo (NASDAQ:GEVO) Stock Price Down 3.8% - Here's What Happened

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s share price was down 3.8% during mid-day trading on Monday . The stock traded as low as $1.73 and last traded at $1.79. Approximately 1,149,596 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 9,436,503 shares. The stock had previously closed at $1.86.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GEVO shares. UBS Group upped their target price on shares of Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. HC Wainwright reiterated a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Down 3.0 %

The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The business's fifty day moving average price is $1.83 and its 200 day moving average price is $1.51. The company has a market capitalization of $430.94 million, a P/E ratio of -5.29 and a beta of 2.77.

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

Insider Transactions at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the transaction, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is owned by insiders.

Institutional Trading of Gevo

Several large investors have recently made changes to their positions in GEVO. Millennium Management LLC acquired a new stake in shares of Gevo in the 2nd quarter valued at $2,888,000. International Assets Investment Management LLC bought a new position in shares of Gevo in the 4th quarter valued at about $59,000. Point72 Asset Management L.P. grew its position in shares of Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company's stock worth $3,770,000 after buying an additional 812,870 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo during the second quarter worth approximately $295,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Gevo in the second quarter valued at approximately $112,000. 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.