Gevo (NASDAQ:GEVO) Trading Down 3.8% – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO) traded down 3.8% on Monday . The stock traded as low as $1.73 and last traded at $1.79. 1,149,596 shares changed hands during trading, a decline of 88% from the average session volume of 9,436,503 shares. The stock had previously closed at $1.86.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GEVO shares. UBS Group upped their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th.

Gevo Trading Up 1.7 %

The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $1.83 and a 200-day moving average price of $1.52. The firm has a market capitalization of $426.15 million, a PE ratio of -5.24 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last released its earnings results on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. During the same quarter last year, the company earned ($0.07) earnings per share. Analysts expect that Gevo, Inc. will post -0.32 earnings per share for the current year.

Insider Buying and Selling

In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated Tuesday, November 5th. The shares were 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 owns 332,430 shares in the company, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

A number of large investors have recently made changes to their positions in the stock. Lauterbach Financial Advisors LLC acquired a new position in Gevo in the 3rd quarter valued at $29,000. Signal Advisors Wealth LLC purchased a new stake in shares of Gevo in the fourth quarter valued at $34,000. Alternative Investment Advisors LLC. acquired a new position in Gevo in the second quarter valued at $51,000. Ballentine Partners LLC purchased a new position in Gevo during the fourth quarter worth about $54,000. Finally, International Assets Investment Management LLC acquired a new stake in Gevo in the 4th quarter worth about $59,000. Institutional investors and hedge funds 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.