Gevo (NASDAQ:GEVO) Trading Up 5.6% – Here’s Why
by Sarita Garza · The Markets DailyShares of Gevo, Inc. (NASDAQ:GEVO – Get Free Report) rose 5.6% during trading on Friday . The stock traded as high as $2.22 and last traded at $2.1750. Approximately 2,124,403 shares were traded during trading, a decline of 18% from the average daily volume of 2,582,860 shares. The stock had previously closed at $2.06.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Northland Securities restated an “outperform” rating and set a $3.00 price objective on shares of Gevo in a report on Wednesday, December 31st. HC Wainwright restated a “buy” rating on shares of Gevo in a research note on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.42.
Check Out Our Latest Report on Gevo
Gevo Stock Performance
The stock has a market cap of $531.87 million, a PE ratio of -10.97 and a beta of 1.21. The stock has a fifty day simple moving average of $2.09 and a two-hundred day simple moving average of $1.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.60 and a current ratio of 1.91.
Gevo (NASDAQ:GEVO – Get Free Report) last released its quarterly earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $42.71 million for the quarter, compared to the consensus estimate of $26.82 million. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. Equities analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $2.31, for a total value of $169,286.04. Following the sale, the chief financial officer directly owned 271,224 shares of the company’s stock, valued at $626,527.44. This represents a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carol Jane Battershell sold 75,597 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $2.02, for a total transaction of $152,705.94. Following the transaction, the director directly owned 278,265 shares of the company’s stock, valued at approximately $562,095.30. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 196,238 shares of company stock worth $426,718 in the last three months. 6.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Gevo
A number of institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp bought a new position in shares of Gevo during the third quarter valued at approximately $29,000. International Assets Investment Management LLC bought a new stake in Gevo in the second quarter valued at $26,000. BNP Paribas Financial Markets lifted its stake in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after buying an additional 12,136 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Gevo during the second quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Gevo by 343.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 21,855 shares of the energy company’s stock valued at $43,000 after purchasing an additional 16,926 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.
Gevo Company Profile
Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.
Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.