Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.45 and traded as high as $1.61. Gevo shares last traded at $1.58, with a volume of 2,919,111 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on GEVO shares. UBS Group cut their price objective on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Friday, May 30th.
View Our Latest Research Report on GEVO
Gevo Stock Performance
The firm's 50 day moving average price is $1.24 and its 200-day moving average price is $1.45. The firm has a market cap of $356.94 million, a price-to-earnings ratio of -4.14 and a beta of 2.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.04 and a quick ratio of 1.71.
Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. The firm had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. Gevo had a negative return on equity of 16.41% and a negative net margin of 193.87%. On average, analysts anticipate 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 87,466 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total transaction of $111,956.48. Following the sale, the insider owned 860,416 shares in the company, valued at $1,101,332.48. This represents a 9.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP L Lynn Smull sold 60,331 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $77,223.68. Following the sale, the executive vice president owned 1,109,271 shares in the company, valued at approximately $1,419,866.88. This represents a 5.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 469,186 shares of company stock worth $597,229. Insiders own 6.80% of the company's stock.
Institutional Investors Weigh In On Gevo
Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Gevo by 160.7% in the 4th quarter. Bank of America Corp DE now owns 360,559 shares of the energy company's stock valued at $754,000 after acquiring an additional 222,237 shares during the period. Geode Capital Management LLC raised its stake in Gevo by 9.6% in the 4th 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 period. Two Sigma Investments LP raised its stake in Gevo by 671.3% in the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock valued at $690,000 after acquiring an additional 287,150 shares during the period. Commonwealth Equity Services LLC bought a new stake in Gevo in the 4th quarter valued at $49,000. Finally, Renaissance Technologies LLC bought a new stake in Gevo in the 4th quarter valued at $904,000. Institutional investors own 35.17% of the company's stock.
About Gevo
(
Get Free Report)
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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