Gevo (NASDAQ:GEVO) Trading Up 0.3% – Still a Buy?

Gevo, Inc. (NASDAQ:GEVO) shares shot up 0.3% during mid-day trading on Wednesday . The company traded as high as $1.81 and last traded at $1.76. 862,833 shares were traded during mid-day trading, a decline of 90% from the average session volume of 8,862,810 shares. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

GEVO has been the topic of a number of research analyst reports. HC Wainwright reiterated a “buy” rating and set a $14.00 price target on shares of Gevo in a report on Wednesday, November 13th. UBS Group upped their target price on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Performance

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 firm has a market capitalization of $421.36 million, a PE ratio of -5.18 and a beta of 2.77. The firm’s fifty day moving average price is $1.85 and its 200 day moving average price is $1.52.

Gevo (NASDAQ:GEVO) last issued 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 firm had revenue of $1.97 million for the quarter, compared to the consensus estimate of $6.08 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. On average, research analysts anticipate that Gevo, Inc. will post -0.32 earnings per share for the current year.

Insider Activity at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares of the company’s stock, valued at $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of Gevo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of Gevo in the 2nd quarter valued at approximately $2,888,000. Point72 Asset Management L.P. grew its holdings in Gevo by 54.2% during 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 purchasing an additional 812,870 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Gevo in the second quarter valued at approximately $112,000. Point72 DIFC Ltd acquired a new stake in shares of Gevo in the second quarter worth $64,000. Finally, Alternative Investment Advisors LLC. bought a new stake in shares of Gevo during the 2nd quarter worth $51,000. 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.