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Gevo (NASDAQ:GEVO) Trading 6.3% Higher - Still a Buy?

Gevo logo with Oils/Energy background

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.

See Also

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