Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price shot up 7.6% during trading on Monday . The stock traded as high as $2.42 and last traded at $2.41. 3,902,895 shares were traded during mid-day trading, a decline of 33% from the average session volume of 5,800,343 shares. The stock had previously closed at $2.24.
Wall Street Analyst Weigh In
GEVO has been the topic of several research analyst reports. HC Wainwright reiterated a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Friday, October 18th. UBS Group raised their target price on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd.
Read Our Latest Stock Report on GEVO
Gevo Stock Performance
The firm's fifty day moving average is $1.69 and its 200 day moving average is $1.01. The firm has a market capitalization of $567.54 million, a price-to-earnings ratio of -7.50 and a beta of 2.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The business had revenue of $5.26 million for the quarter, compared to analysts' expectations of $3.93 million. During the same period in the previous year, the company posted ($0.06) EPS. On average, analysts predict that Gevo, Inc. will post -0.34 EPS for the current fiscal year.
Insider Transactions at Gevo
In related news, insider Paul D. Bloom sold 16,000 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 947,882 shares of the company's stock, valued at approximately $2,900,518.92. The trade was 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, insider Paul D. Bloom sold 16,000 shares of the 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 transaction, the insider now directly owns 947,882 shares of the company's stock, valued at $2,900,518.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick R. Gruber sold 164,428 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the completion of the sale, the chief executive officer now directly owns 3,757,976 shares of the company's stock, valued at $2,856,061.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 583,171 shares of company stock valued at $421,858 in the last three months. Corporate insiders own 4.00% of the company's stock.
Institutional Trading of Gevo
A number of institutional investors and hedge funds have recently modified their holdings of GEVO. Bayesian Capital Management LP bought a new stake in Gevo during the first quarter valued at about $27,000. Lauterbach Financial Advisors LLC bought a new stake in Gevo during the 3rd quarter valued at approximately $29,000. FinTrust Capital Advisors LLC acquired a new stake in Gevo in the 1st quarter valued at approximately $38,000. Alternative Investment Advisors LLC. bought a new position in Gevo in the 2nd quarter worth approximately $51,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Gevo during the second quarter worth approximately $64,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.
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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