Gevo (NASDAQ:GEVO) Shares Up 1.2% - What's Next?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares were up 1.2% during mid-day trading on Thursday . The company traded as high as $1.84 and last traded at $1.80. Approximately 866,152 shares traded hands during trading, a decline of 90% from the average daily volume of 8,599,178 shares. The stock had previously closed at $1.78.

Wall Street Analysts Forecast Growth

GEVO has been the topic of several research reports. UBS Group raised their price target on 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 set a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th.

Gevo Stock Down 0.6 %

The business's 50 day moving average is $1.85 and its 200 day moving average is $1.54. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market cap of $421.36 million, a P/E ratio of -5.18 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) earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.97 million for the quarter, compared to the consensus estimate of $6.08 million. During the same period last year, the business posted ($0.07) EPS. As a group, equities analysts anticipate that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

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Insider Buying and Selling at Gevo

In other news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the sale, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in Gevo during the 2nd quarter worth approximately $2,888,000. Point72 Asset Management L.P. grew its holdings in shares of 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 buying an additional 812,870 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Gevo in the 2nd quarter valued at $112,000. Financial Advocates Investment Management raised its stake in Gevo by 28.5% in the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock worth $188,000 after acquiring an additional 19,980 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Gevo by 166.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company's stock worth $94,000 after acquiring an additional 28,000 shares during the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

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.