Gevo (NASDAQ:GEVO) Stock Price Crosses Above Two Hundred Day Moving Average of $0.72

Gevo, Inc. (NASDAQ:GEVO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.72 and traded as high as $1.50. Gevo shares last traded at $1.46, with a volume of 6,079,189 shares changing hands.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Friday, September 13th.

Gevo Trading Up 17.1 %

The company has a current ratio of 10.22, a quick ratio of 10.09 and a debt-to-equity ratio of 0.13. The stock has a market cap of $403.96 million, a price-to-earnings ratio of -5.90 and a beta of 2.94. The company has a fifty day simple moving average of $0.85 and a 200-day simple moving average of $0.73.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative net margin of 407.97% and a negative return on equity of 13.50%. The business had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. On average, research analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Transactions at Gevo

In other Gevo news, CEO Patrick R. Gruber sold 108,966 shares of Gevo stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total transaction of $64,289.94. Following the transaction, the chief executive officer now owns 4,049,680 shares of the company’s stock, valued at approximately $2,389,311.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Patrick R. Gruber sold 127,276 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the transaction, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at $2,000,426.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick R. Gruber sold 108,966 shares of Gevo stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total value of $64,289.94. Following the sale, the chief executive officer now directly owns 4,049,680 shares of the company’s stock, valued at approximately $2,389,311.20. The disclosure for this sale can be found here. Insiders sold a total of 759,600 shares of company stock valued at $486,431 over the last quarter. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GEVO. Thomist Capital Management LP acquired a new position in Gevo in the first quarter worth approximately $1,833,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gevo during the 1st quarter worth $89,000. BNP Paribas Financial Markets raised its holdings in shares of Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of Gevo in the 1st quarter valued at $38,000. Finally, Vanguard Group Inc. boosted its holdings in Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock worth $10,612,000 after purchasing an additional 409,693 shares in the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

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.