Gevo (NASDAQ:GEVO) Trading Down 3.8% - Time to Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price dropped 3.8% on Monday . The company 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 Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price 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 reissued a "buy" rating and issued a $14.00 price objective on shares of Gevo in a report on Wednesday, November 13th.

Gevo Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The business's 50 day moving average price is $1.85 and its 200 day moving average price is $1.53. The firm has a market cap of $421.36 million, a price-to-earnings ratio of -5.18 and a beta of 2.77.

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

Insider Buying and Selling

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Gevo

Institutional investors and hedge funds have recently modified their holdings of the stock. Signal Advisors Wealth LLC acquired a new stake in Gevo in the 4th quarter worth about $34,000. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo in the third quarter valued at approximately $29,000. International Assets Investment Management LLC acquired a new stake in shares of Gevo in the fourth quarter worth approximately $59,000. Ballentine Partners LLC purchased a new stake in shares of Gevo during the fourth quarter worth approximately $54,000. Finally, Centerpoint Advisory Group acquired a new position in Gevo in the 4th quarter valued at $75,000. Hedge funds and other 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.