Gevo (NASDAQ:GEVO) Shares Break Above 50-Day Moving Average - What's Next?

Key Points

• Gevo shares moved above their 50-day moving average, trading as high as $1.40 and last at $1.39, compared with a 50-day average of $1.37.
• Analysts’ consensus rating is Hold, with a $2.55 consensus price target; two analysts rate the stock Buy, three Hold and one Sell.
• In its latest reported quarter, Gevo posted a loss of $0.01 per share, beating the $0.02 loss analysts expected, while revenue of $46.5 million slightly exceeded estimates.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $1.37 and traded as high as $1.40. Gevo shares last traded at $1.39, with a volume of 2,946,131 shares traded.

Analyst Ratings Changes

A number of research firms recently commented on GEVO. Weiss Ratings raised shares of Gevo from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, October 2nd. Jefferies Financial Group raised Gevo to a "hold" rating in a research note on Tuesday, September 29th. Northland Securities set a $3.75 target price on shares of Gevo in a research report on Thursday, July 16th. HC Wainwright restated a "buy" rating on shares of Gevo in a report on Friday, October 9th. Finally, Wall Street Zen upgraded Gevo from a "strong sell" rating to a "sell" rating in a research report on Saturday, October 17th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Gevo has a consensus rating of "Hold" and a consensus price target of $2.55.

Gevo Trading Up 13.9%

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.70 and a quick ratio of 2.19. The firm has a market cap of $343.66 million, a P/E ratio of -1.56 and a beta of 1.13. The firm has a fifty day simple moving average of $1.37 and a 200-day simple moving average of $1.70.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. Gevo had a negative return on equity of 6.50% and a negative net margin of 119.93%. The business had revenue of $46.50 million during the quarter, compared to analysts' expectations of $46.40 million. On average, equities research analysts expect that Gevo, Inc. will post -0.37 earnings per share for the current year.

Insiders Place Their Bets

In other Gevo news, Director James Barber acquired 50,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was purchased at an average price of $1.54 per share, for a total transaction of $77,000.00. Following the completion of the acquisition, the director owned 120,000 shares of the company's stock, valued at approximately $184,800. This trade represents a 71.43% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 6,068 shares of company stock worth $10,343 over the last 90 days. 7.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gevo

A number of institutional investors have recently added to or reduced their stakes in GEVO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Gevo in the 1st quarter worth approximately $28,000. Sigma Planning Corp bought a new position in Gevo in the 1st quarter valued at $46,000. Baader Bank Aktiengesellschaft bought a new position in Gevo in the first quarter valued at approximately $49,000. Y Intercept Hong Kong Ltd bought a new position in Gevo during the first quarter worth about $51,000. Finally, Amundi increased its holdings in shares of Gevo by 25.6% in the 1st quarter. Amundi now owns 135,539 shares of the energy company's stock worth $370,000 after purchasing an additional 27,636 shares in the last quarter. 35.17% of the stock is owned by institutional investors.

About Gevo

Gevo, Inc is a renewable fuels and chemicals company headquartered in Englewood, Colorado. The company develops technologies that use renewable carbon sources, including plant-based feedstocks, to produce lower-carbon alternatives to petroleum-based products. Its work is focused on reducing greenhouse-gas emissions across the life cycle of fuels and chemicals.

Gevo's activities have included the development and production of renewable alcohols and hydrocarbons, including isobutanol and sustainable aviation fuel.

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