Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.44 and traded as high as $1.58. Gevo shares last traded at $1.56, with a volume of 2,762,292 shares trading hands.
Wall Street Analyst Weigh In
GEVO has been the topic of several recent research reports. UBS Group lowered their price objective on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. 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 upgraded shares of Gevo from a "sell" rating to a "hold" rating in a research note on Friday.
Check Out Our Latest Stock Report on GEVO
Gevo Stock Up 3.3%
The company's 50 day moving average price is $1.29 and its two-hundred day moving average price is $1.43. The company has a current ratio of 2.04, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The stock has a market cap of $373.72 million, a P/E ratio of -4.33 and a beta of 2.52.
Gevo (NASDAQ:GEVO - Get Free Report) last released its earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $22.19 million. Equities analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current year.
Insider Activity
In other news, insider Paul D. Bloom sold 87,466 shares of Gevo stock in a transaction that occurred on Friday, May 30th. The shares were 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 trade represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrick R. Gruber sold 157,197 shares of Gevo stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1.28, for a total transaction of $201,212.16. Following the sale, the chief executive officer owned 3,610,779 shares in the company, valued at approximately $4,621,797.12. The trade was a 4.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 469,186 shares of company stock valued at $597,229. Company insiders own 6.80% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its stake in Gevo by 441.0% during the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after buying an additional 3,497,007 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Gevo during the fourth quarter valued at $904,000. Marshall Wace LLP purchased a new stake in shares of Gevo during the fourth quarter valued at $812,000. Two Sigma Investments LP raised its holdings in shares of Gevo by 671.3% in the fourth 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 in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Gevo in the fourth quarter valued at about $562,000. 35.17% of the stock is owned by hedge funds and other institutional investors.
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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