Gevo, Inc. (NASDAQ:GEVO - Get Free Report) saw unusually large options trading on Monday. Stock investors bought 2,651 call options on the company. This is an increase of approximately 156% compared to the average daily volume of 1,037 call options.
Gevo Stock Performance
Shares of NASDAQ GEVO traded down $0.04 during trading hours on Monday, reaching $1.25. The stock had a trading volume of 625,764 shares, compared to its average volume of 5,446,474. The firm has a market cap of $298.25 million, a price-to-earnings ratio of -3.46 and a beta of 2.53. Gevo has a fifty-two week low of $0.48 and a fifty-two week high of $3.39. The firm has a 50-day moving average of $1.18 and a 200-day moving average of $1.46. The company has a current ratio of 2.04, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The company had revenue of $29.11 million for the quarter, compared to analyst estimates of $22.19 million. Gevo had a negative net margin of 193.87% and a negative return on equity of 16.41%. Equities research analysts predict that Gevo will post -0.42 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Paul D. Bloom sold 87,466 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1.28, for a total value of $111,956.48. Following the transaction, the insider now owns 860,416 shares of the company's stock, 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 hyperlink. Also, insider Andrew Shafer sold 27,538 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1.28, for a total value of $35,248.64. Following the completion of the sale, the insider now directly owns 284,892 shares in the company, valued at $364,661.76. This represents a 8.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 460,257 shares of company stock valued at $585,253. 4.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Gevo
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Gevo by 160.7% during the fourth quarter. Bank of America Corp DE now owns 360,559 shares of the energy company's stock worth $754,000 after purchasing an additional 222,237 shares in the last quarter. Geode Capital Management LLC lifted 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 buying an additional 234,727 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Gevo during the 4th quarter valued at $49,000. Two Sigma Investments LP increased its position in Gevo by 671.3% during the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock worth $690,000 after buying an additional 287,150 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Gevo in the fourth quarter worth $904,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
GEVO has been the topic of several analyst reports. UBS Group reduced their target price on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a 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.
Read Our Latest Analysis on GEVO
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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