Gevo (NASDAQ:GEVO) Shares Gap Up – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO) shares gapped up before the market opened on Thursday . The stock had previously closed at $2.25, but opened at $3.02. Gevo shares last traded at $2.86, with a volume of 11,038,505 shares changing hands.

Analyst Ratings Changes

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

Gevo Trading Up 15.6 %

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 50 day simple moving average of $1.18 and a 200-day simple moving average of $0.83. The firm has a market cap of $614.21 million, a P/E ratio of -8.97 and a beta of 2.98.

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

Insider Activity at Gevo

In other news, COO Christopher Michael Ryan sold 84,014 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $63,850.64. Following the transaction, the chief operating officer now directly owns 1,573,934 shares of the company’s stock, valued at $1,196,189.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO L Lynn Smull sold 69,738 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $53,000.88. Following the transaction, the chief financial officer now directly owns 1,169,602 shares in the company, valued at $888,897.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Christopher Michael Ryan sold 84,014 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the completion of the sale, the chief operating officer now owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. 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 ninety days. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Alternative Investment Advisors LLC. bought a new stake in Gevo during the second quarter worth about $51,000. Point72 DIFC Ltd acquired a new position in Gevo in the second quarter valued at approximately $64,000. Cubist Systematic Strategies LLC bought a new stake in shares of Gevo during the second quarter valued at approximately $112,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Gevo during the 2nd quarter valued at approximately $295,000. Finally, Millennium Management LLC bought a new stake in Gevo in the 2nd quarter valued at about $2,888,000. Institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

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.