Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s share price rose 2.6% during trading on Friday . The company traded as high as $2.43 and last traded at $2.39. Approximately 1,668,377 shares traded hands during trading, a decline of 71% from the average daily volume of 5,785,570 shares. The stock had previously closed at $2.33.
Analyst Ratings Changes
A number of brokerages have issued reports on GEVO. HC Wainwright reissued a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, October 18th. UBS Group raised their price target on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd.
Check Out Our Latest Research Report on GEVO
Gevo Stock Down 3.9 %
The firm has a market capitalization of $536.41 million, a price-to-earnings ratio of -7.00 and a beta of 2.98. 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 firm has a 50 day moving average price of $1.66 and a two-hundred day moving average price of $0.99.
Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.50% and a negative net margin of 407.97%. During the same period in the previous year, the company posted ($0.06) EPS. On average, equities analysts expect that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.
Insider Activity at Gevo
In related news, CEO Patrick R. Gruber sold 127,276 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the sale, the chief executive officer now directly owns 3,922,404 shares in the company, valued at approximately $2,000,426.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total transaction of $64,910.76. Following the sale, the chief executive officer now directly owns 3,922,404 shares in the company, valued at $2,000,426.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $53,000.88. Following the sale, the chief financial officer now owns 1,169,602 shares in the company, valued at $888,897.52. This 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 583,171 shares of company stock worth $421,858. 4.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Gevo
Several hedge funds and other institutional investors have recently bought and sold shares of GEVO. Millennium Management LLC purchased a new stake in Gevo during the 2nd quarter worth approximately $2,888,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo in the 2nd quarter valued at approximately $295,000. Vanguard Group Inc. increased its holdings in shares of Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company's stock valued at $10,612,000 after acquiring an additional 409,693 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Gevo in the 2nd quarter valued at approximately $112,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Gevo by 128.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company's stock valued at $263,000 after acquiring an additional 192,457 shares during the last quarter. 35.17% of the stock is currently 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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