Gevo, Inc. (NASDAQ:GEVO – Get Free Report) CEO Patrick R. Gruber sold 108,966 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 4,049,680 shares of the company’s stock, valued at approximately $2,389,311.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Gevo Stock Performance
Shares of GEVO stock opened at $0.57 on Friday. The company has a current ratio of 12.80, a quick ratio of 12.62 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a fifty-two week low of $0.53 and a fifty-two week high of $1.72. The stock has a 50 day moving average price of $0.62 and a two-hundred day moving average price of $0.72.
Gevo (NASDAQ:GEVO – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Gevo had a negative net margin of 393.88% and a negative return on equity of 11.97%. The company had revenue of $3.99 million during the quarter, compared to the consensus estimate of $4.39 million. As a group, research analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current year.
Institutional Trading of Gevo
Analysts Set New Price Targets
GEVO has been the subject of a number of recent research reports. HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, May 3rd. UBS Group dropped their target price on Gevo from $1.36 to $0.85 and set a “neutral” rating for the company in a research report on Wednesday, April 10th.
Read Our Latest Research Report on Gevo
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.
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