Gevo (NASDAQ:GEVO) Trading Up 6.3% – Time to Buy?

Gevo, Inc. (NASDAQ:GEVO)’s share price was up 6.3% during trading on Friday . The company traded as high as $3.05 and last traded at $3.03. Approximately 3,832,763 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 5,733,083 shares. The stock had previously closed at $2.85.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GEVO. UBS Group boosted their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, October 18th.

Gevo Trading Up 4.0 %

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 company has a market capitalization of $708.83 million, a P/E ratio of -9.25 and a beta of 2.98. The stock has a 50 day moving average of $1.51 and a 200-day moving average of $0.94.

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

Insiders Place Their Bets

In other news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the completion of 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775,600 shares of company stock valued at $535,391 over the last three months. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gevo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bayesian Capital Management LP acquired a new stake in Gevo during the 1st quarter worth $27,000. FinTrust Capital Advisors LLC acquired a new position in Gevo in the first quarter valued at approximately $38,000. Financial Advocates Investment Management purchased a new position in shares of Gevo during the 3rd quarter worth $114,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo during the second quarter valued at about $51,000. Finally, Paloma Partners Management Co acquired a new position in Gevo during the first quarter worth $74,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.