Gevo (NASDAQ:GEVO) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.38 and traded as high as $1.48. Gevo shares last traded at $1.38, with a volume of 2,550,202 shares traded.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. HC Wainwright restated a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, May 30th. Wall Street Zen downgraded shares of Gevo from a "hold" rating to a "sell" rating in a research note on Saturday.

Gevo Trading Down 6.2%

The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.71. The business's 50 day moving average price is $1.35 and its 200-day moving average price is $1.37. The firm has a market capitalization of $292.26 million, a price-to-earnings ratio of -3.39 and a beta of 2.67.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. Gevo had a negative net margin of 193.87% and a negative return on equity of 16.41%. The company had revenue of $29.11 million for the quarter, compared to analyst estimates of $22.19 million. Equities analysts forecast that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Insider Activity at Gevo

In other Gevo news, insider Andrew Shafer sold 27,538 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1.28, for a total transaction of $35,248.64. Following the transaction, the insider directly owned 284,892 shares in the company, valued at $364,661.76. This represents a 8.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul D. Bloom sold 87,466 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $111,956.48. Following the completion of the transaction, the insider owned 860,416 shares in the company, valued at approximately $1,101,332.48. The trade was a 9.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 469,186 shares of company stock valued at $599,429 over the last 90 days. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gevo

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Gevo during the fourth quarter worth approximately $27,000. Commonwealth Equity Services LLC acquired a new stake in Gevo in the fourth quarter valued at approximately $49,000. Geode Capital Management LLC lifted its stake in Gevo by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after acquiring an additional 234,727 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Gevo in the fourth quarter valued at approximately $49,000. Finally, Invesco Ltd. lifted its stake in Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock valued at $8,966,000 after acquiring an additional 3,497,007 shares during the last quarter. Institutional investors and hedge funds 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.