Gevo (NASDAQ:GEVO) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Gevo's share price recently crossed above its 200-day moving average, reaching a high of $1.73 before closing at $1.66 with a trading volume of over 4 million shares.
• Analysts have varied ratings on Gevo, with Zacks upgrading it to a "hold," while HC Wainwright maintained a "buy" rating with a price target set at $14.00.
• Gevo reported positive earnings of $0.01 per share in its latest quarter, exceeding analyst expectations, despite a negative net margin of 72.76%.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.33 and traded as high as $1.73. Gevo shares last traded at $1.66, with a volume of 4,216,943 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GEVO shares. Zacks Research upgraded shares of Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. HC Wainwright reiterated a "buy" rating and issued a $14.00 price objective on shares of Gevo in a research note on Friday, May 30th. Finally, Wall Street Zen lowered shares of Gevo from a "hold" rating to a "sell" rating in a research note on Sunday, August 24th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Gevo has an average rating of "Hold" and an average target price of $7.58.

Gevo Price Performance

The business's 50-day moving average price is $1.55 and its 200 day moving average price is $1.33. The stock has a market capitalization of $401.45 million, a PE ratio of -6.38 and a beta of 2.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.10 and a current ratio of 2.33.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The energy company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. The firm had revenue of $43.41 million during the quarter, compared to analyst estimates of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. Research analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current year.

Insider Activity at Gevo

In other news, insider Paul D. Bloom sold 42,073 shares of Gevo stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1.23, for a total transaction of $51,749.79. Following the completion of the sale, the insider directly owned 1,000,683 shares of the company's stock, valued at approximately $1,230,840.09. The trade was a 4.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Oluwagbemileke Yusuf Agiri sold 57,651 shares of Gevo stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1.63, for a total transaction of $93,971.13. Following the sale, the chief financial officer directly owned 277,835 shares of the company's stock, valued at $452,871.05. This represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 681,885 shares of company stock worth $915,584 in the last three months. 6.80% of the stock is owned by insiders.

Institutional Trading of Gevo

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Gevo during the 4th quarter worth $27,000. International Assets Investment Management LLC bought a new stake in shares of Gevo during the 2nd quarter worth $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 worth $28,000 after purchasing an additional 12,136 shares during the last quarter. Legal & General Group Plc bought a new stake in Gevo in the second quarter worth $28,000. Finally, Engineers Gate Manager LP bought a new stake in Gevo in the second quarter worth $30,000. 35.17% of the stock is owned by institutional investors.

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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