HC Wainwright reiterated their buy rating on shares of Gevo (NASDAQ:GEVO - Free Report) in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The firm currently has a $14.00 price objective on the energy company's stock.
Gevo Stock Performance
Shares of GEVO stock traded up $0.48 during trading hours on Friday, reaching $3.13. The company had a trading volume of 22,459,734 shares, compared to its average volume of 5,611,166. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. The business has a fifty day moving average price of $1.27 and a 200-day moving average price of $0.86. Gevo has a one year low of $0.48 and a one year high of $3.15. The firm has a market cap of $739.41 million, a PE ratio of -10.79 and a beta of 2.98.
Gevo (NASDAQ:GEVO - Get Free Report) last announced its earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.09). The business had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. During the same period in the previous year, the business earned ($0.06) EPS. Sell-side analysts predict that Gevo will post -0.34 earnings per share for the current fiscal year.
Insider Buying and Selling at Gevo
In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the company's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the sale, the chief executive officer now owns 3,922,404 shares in the company, valued at $2,000,426.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrick R. Gruber sold 108,966 shares of the firm's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total value of $64,289.94. Following the completion of the transaction, the chief executive officer now directly owns 4,049,680 shares in the company, valued at $2,389,311.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 759,600 shares of company stock worth $486,431 in the last three months. 4.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Gevo
A number of hedge funds have recently modified their holdings of GEVO. Bayesian Capital Management LP purchased a new position in shares of Gevo during the 1st quarter valued at $27,000. FinTrust Capital Advisors LLC purchased a new position in shares of Gevo in the first quarter valued at about $38,000. XTX Topco Ltd lifted its position in shares of Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock valued at $74,000 after acquiring an additional 51,057 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Gevo by 79.5% in the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company's stock worth $110,000 after acquiring an additional 63,179 shares during the period. Finally, Alternative Investment Advisors LLC. purchased a new stake in shares of Gevo during the second quarter worth about $51,000. 35.17% of the stock is currently owned by institutional investors.
About Gevo
(
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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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