HC Wainwright Issues Pessimistic Forecast for Gevo Earnings

Gevo, Inc. (NASDAQ:GEVO - Free Report) - Equities researchers at HC Wainwright lowered their FY2027 EPS estimates for Gevo in a report issued on Friday, November 8th. HC Wainwright analyst A. Dayal now anticipates that the energy company will post earnings per share of $0.40 for the year, down from their prior estimate of $0.46. HC Wainwright has a "Buy" rating and a $14.00 price target on the stock. The consensus estimate for Gevo's current full-year earnings is ($0.36) per share.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). The business had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.70%. During the same quarter in the previous year, the business posted ($0.06) EPS.

Separately, UBS Group raised their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd.

Gevo Stock Performance

GEVO stock remained flat at $1.59 during midday trading on Monday. The company's stock had a trading volume of 7,276,777 shares, compared to its average volume of 5,948,295. The company has a quick ratio of 10.09, a current ratio of 10.22 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $1.80 and a 200 day moving average of $1.06. The firm has a market capitalization of $380.76 million, a PE ratio of -4.43 and a beta of 2.94. Gevo has a 52 week low of $0.48 and a 52 week high of $3.39.

Institutional Investors Weigh In On Gevo

Institutional investors have recently modified their holdings of the business. Millennium Management LLC bought a new position in Gevo in the 2nd quarter valued at approximately $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Gevo during the second quarter valued at approximately $295,000. Vanguard Group Inc. lifted its position in shares of Gevo by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company's stock valued at $10,612,000 after buying an additional 409,693 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Gevo in the 2nd quarter valued at approximately $112,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Gevo in the first quarter worth about $89,000. Institutional investors own 35.17% of the company's stock.

Insiders Place Their Bets

In other news, insider Paul D. Bloom sold 16,000 shares of the business's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 377,474 shares of company stock worth $367,007. 4.00% of the stock is currently owned by company insiders.

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.