Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares traded up 6.3% during mid-day trading on Friday . The company traded as high as $3.05 and last traded at $3.03. 3,832,763 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 5,733,083 shares. The stock had previously closed at $2.85.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a report on Friday, October 18th. UBS Group upped their price target on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research note on Tuesday.
View Our Latest Analysis on Gevo
Gevo Stock Performance
The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $699.25 million, a price-to-earnings ratio of -10.38 and a beta of 2.98. The stock's 50 day moving average is $1.46 and its 200 day moving average is $0.92.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.09). The firm had revenue of $5.26 million for the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same quarter in the prior year, the company earned ($0.06) EPS. On average, analysts predict that Gevo, Inc. will post -0.34 earnings per share for the current year.
Insider Buying and Selling at Gevo
In related news, insider Paul D. Bloom sold 16,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Paul D. Bloom sold 16,000 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the transaction, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO L Lynn Smull sold 69,738 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $53,000.88. Following the transaction, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. This trade represents 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 have sold 775,600 shares of company stock worth $535,391. Corporate insiders own 4.00% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Bayesian Capital Management LP acquired a new stake in Gevo during the first quarter worth about $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo during the 1st quarter worth about $38,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo during the 2nd quarter worth approximately $51,000. Point72 DIFC Ltd purchased a new position in Gevo in the second quarter valued at approximately $64,000. Finally, Paloma Partners Management Co acquired a new position in Gevo during the first quarter valued at approximately $74,000. 35.17% of the stock is owned by hedge funds and other institutional investors.
Gevo Company Profile
(
Get Free Report)
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.
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