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

Key Points

• Gevo, Inc. (NASDAQ:GEVO) saw its share price cross above the 200-day moving average, trading as high as $2.63, compared to the average of $1.50.
• Analysts have mixed ratings for Gevo, with one buy and multiple hold ratings; UBS raised its price target for the stock from $1.15 to $2.25.
• Insider selling activity has been observed, with Paul D. Bloom and Director Angelo Amorelli selling significant shares in September and October, indicating a decrease in their ownership.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.50 and traded as high as $2.63. Gevo shares last traded at $2.61, with a volume of 5,113,943 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GEVO shares. UBS Group lifted their price objective on shares of Gevo from $1.15 to $2.25 and gave the stock a "neutral" rating in a report on Wednesday, September 17th. Zacks Research raised shares of Gevo from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Gevo in a research note on Wednesday, October 8th. HC Wainwright reissued a "buy" rating on shares of Gevo in a research note on Wednesday, October 15th. Finally, Wall Street Zen raised shares of Gevo from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.13.

Gevo Trading Up 5.7%

The stock has a market capitalization of $631.20 million, a P/E ratio of -10.04 and a beta of 2.13. The firm's 50 day moving average price is $1.96 and its 200 day moving average price is $1.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.33 and a quick ratio of 2.10.

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

Insider Activity

In other news, insider Paul D. Bloom sold 75,000 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $2.01, for a total transaction of $150,750.00. Following the completion of the transaction, the insider directly owned 923,591 shares of the company's stock, valued at approximately $1,856,417.91. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Angelo Amorelli sold 100,000 shares of the company's stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $2.50, for a total transaction of $250,000.00. Following the transaction, the director directly owned 2,942 shares of the company's stock, valued at approximately $7,355. This trade represents a 97.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 947,956 shares of company stock valued at $1,588,658. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently modified their holdings of GEVO. International Assets Investment Management LLC purchased a new position in shares of Gevo during the second quarter valued at about $26,000. BNP Paribas Financial Markets increased its position in shares of Gevo by 138.1% during 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 period. Legal & General Group Plc purchased a new position in shares of Gevo during the second quarter valued at about $28,000. Engineers Gate Manager LP purchased a new position in shares of Gevo during the second quarter valued at about $30,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Gevo during the second quarter valued at about $31,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

About Gevo

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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