Gevo (NASDAQ:GEVO) Trading 6.4% Higher - Still a Buy?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s share price shot up 6.4% during mid-day trading on Friday . The company traded as high as $1.89 and last traded at $1.89. 1,420,175 shares traded hands during trading, a decline of 85% from the average session volume of 9,628,060 shares. The stock had previously closed at $1.78.

Wall Street Analysts Forecast Growth

GEVO has been the subject of several research reports. UBS Group boosted their price target on shares of Gevo from $0.85 to $3.25 and gave the stock 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 report on Wednesday, November 13th.

Gevo Price Performance

The stock's 50 day moving average is $1.82 and its two-hundred day moving average is $1.49. The stock has a market capitalization of $444.11 million, a PE ratio of -5.46 and a beta of 2.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Gevo (NASDAQ:GEVO - Get Free Report) last announced 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 company had revenue of $1.97 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted ($0.07) EPS. As a group, sell-side analysts forecast that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the 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 in the company, valued at $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.00% of the stock is owned by insiders.

Institutional Trading of Gevo

Several institutional investors have recently modified their holdings of GEVO. Lauterbach Financial Advisors LLC purchased a new position in Gevo during the 3rd quarter worth approximately $29,000. Signal Advisors Wealth LLC acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $34,000. Alternative Investment Advisors LLC. purchased a new position in shares of Gevo during the second quarter worth approximately $51,000. Ballentine Partners LLC acquired a new position in shares of Gevo in the 4th quarter valued at $54,000. Finally, International Assets Investment Management LLC purchased a new stake in Gevo in the 4th quarter valued at $59,000. 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.