Gevo (NASDAQ:GEVO) Shares Down 4.2% – Here’s Why

Gevo, Inc. (NASDAQ:GEVO) shares were down 4.2% during trading on Tuesday . The company traded as low as $1.72 and last traded at $1.73. Approximately 1,328,526 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 9,138,387 shares. The stock had previously closed at $1.80.

Analyst Ratings Changes

GEVO has been the topic of several recent research reports. UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The company has a market cap of $418.97 million, a P/E ratio of -5.15 and a beta of 2.77. The firm’s fifty day moving average is $1.83 and its two-hundred day moving average is $1.51.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. The firm had revenue of $1.97 million during the quarter, compared to analysts’ expectations of $6.08 million. During the same quarter last year, the business posted ($0.07) earnings per share. As a group, analysts anticipate that Gevo, Inc. will post -0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Large investors have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in shares of Gevo in the 2nd quarter valued at approximately $2,888,000. International Assets Investment Management LLC purchased a new position in Gevo during the fourth quarter worth $59,000. Point72 Asset Management L.P. raised its stake in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after acquiring an additional 812,870 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Gevo in the second quarter valued at $295,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Gevo in the 2nd quarter worth about $112,000. 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.