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

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

Analyst Upgrades and Downgrades

GEVO has been the topic of a number of analyst reports. HC Wainwright reissued a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th. UBS Group raised their target price on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd.

Gevo Trading Down 0.6 %

The company's fifty day simple moving average is $1.85 and its two-hundred day simple moving average is $1.54. The company has a market capitalization of $421.36 million, a price-to-earnings ratio of -5.18 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 released its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The business 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 in the prior year, the company earned ($0.07) EPS. Research analysts forecast that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Andrew Shafer sold 26,911 shares of the firm'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 sale, the insider now directly owns 332,430 shares in the company, 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 at this hyperlink. 4.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gevo

A number of large investors have recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new stake in shares of Gevo in the second quarter valued at approximately $2,888,000. Point72 Asset Management L.P. increased 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 buying an additional 812,870 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Gevo during the 2nd quarter worth about $112,000. Financial Advocates Investment Management lifted its position in Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock worth $188,000 after buying an additional 19,980 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Gevo by 166.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company's stock worth $94,000 after buying an additional 28,000 shares during the last quarter. Institutional investors 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.