Gevo (NASDAQ:GEVO) Trading Down 4.3% - Time to Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s share price was down 4.3% during trading on Wednesday . The company traded as low as $2.81 and last traded at $2.88. Approximately 4,218,321 shares traded hands during trading, a decline of 26% from the average daily volume of 5,711,150 shares. The stock had previously closed at $3.01.

Wall Street Analysts Forecast Growth

GEVO has been the subject of a number of analyst reports. HC Wainwright restated a "buy" rating and issued a $14.00 price target on shares of Gevo in a research 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 report on Tuesday.

Gevo Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The business has a 50-day simple moving average of $1.37 and a 200 day simple moving average of $0.90. The firm has a market cap of $687.44 million, a PE ratio of -9.66 and a beta of 2.98.

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, hitting analysts' consensus estimates of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The company 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 firm earned ($0.06) EPS. Equities research analysts forecast that Gevo, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling

In other 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 completion of the transaction, the chief executive officer now owns 3,922,404 shares in the company, valued at $2,000,426.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Patrick R. Gruber sold 127,276 shares of the business's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the sale, the chief executive officer now owns 3,922,404 shares in the company, valued at approximately $2,000,426.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick R. Gruber sold 164,428 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $124,965.28. Following the transaction, the chief executive officer now owns 3,757,976 shares of the company's stock, valued at $2,856,061.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 775,600 shares of company stock worth $535,391. 4.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Gevo

Several hedge funds have recently bought and sold shares of the business. Bayesian Capital Management LP purchased a new stake in shares of Gevo in the first quarter valued at approximately $27,000. FinTrust Capital Advisors LLC purchased a new stake in shares of Gevo in the first quarter valued at approximately $38,000. Alternative Investment Advisors LLC. purchased a new stake in shares of Gevo in the second quarter valued at approximately $51,000. Point72 DIFC Ltd purchased a new stake in shares of Gevo in the second quarter valued at approximately $64,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Gevo in the first quarter valued at approximately $74,000. Institutional investors own 35.17% of the company's stock.

Gevo Company Profile

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.