Gevo (NASDAQ:GEVO) Trading 6.7% Higher – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO) rose 6.7% on Monday . The company traded as high as $3.36 and last traded at $3.34. Approximately 1,983,297 shares changed hands during trading, a decline of 65% from the average daily volume of 5,593,702 shares. The stock had previously closed at $3.13.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Friday.

Gevo Stock Up 1.6 %

The business’s 50 day moving average price is $1.27 and its 200-day moving average price is $0.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 10.22 and a quick ratio of 10.09. The company has a market cap of $751.22 million, a P/E ratio of -10.66 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The firm 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 quarter in the previous year, the company posted ($0.06) EPS. On average, analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other Gevo news, CEO Patrick R. Gruber sold 108,966 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $0.59, for a total transaction of $64,289.94. Following the completion of the sale, the chief executive officer now owns 4,049,680 shares in the company, valued at approximately $2,389,311.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,922,404 shares in the company, valued at $2,000,426.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick R. Gruber sold 108,966 shares of the business’s 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 sale, the chief executive officer now directly owns 4,049,680 shares in the company, valued at $2,389,311.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 759,600 shares of company stock worth $486,431. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GEVO. Bayesian Capital Management LP acquired a new stake in shares of Gevo in the first quarter valued at approximately $27,000. FinTrust Capital Advisors LLC bought a new position in Gevo during the 1st quarter worth $38,000. Alternative Investment Advisors LLC. bought a new position in Gevo during the 2nd quarter worth $51,000. Point72 DIFC Ltd acquired a new stake in shares of Gevo in the 2nd quarter valued at $64,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Gevo in the 1st quarter valued at $74,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.