Gevo (NASDAQ:GEVO) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.89 and traded as high as $2.04. Gevo shares last traded at $1.98, with a volume of 2,394,531 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. HC Wainwright reissued a “buy” rating on shares of Gevo in a research note on Wednesday, October 15th. Northland Securities reiterated an “outperform” rating and issued a $3.00 price target on shares of Gevo in a report on Wednesday, December 31st. Northland Capmk raised shares of Gevo to a “strong-buy” rating in a research report on Monday, December 1st. UBS Group upped their price objective on shares of Gevo from $1.15 to $2.25 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Gevo currently has an average rating of “Moderate Buy” and an average target price of $6.42.

Gevo Trading Down 1.5%

The firm has a market cap of $479.77 million, a PE ratio of -9.90 and a beta of 1.21. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $1.89.

Gevo (NASDAQ:GEVO) last released its earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $42.71 million during the quarter, compared to analyst estimates of $26.82 million. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. On average, sell-side analysts forecast that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Andrew Shafer sold 29,797 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $2.28, for a total value of $67,937.16. Following the transaction, the insider owned 285,823 shares in the company, valued at $651,676.44. The trade was a 9.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carol Jane Battershell sold 75,597 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $2.02, for a total transaction of $152,705.94. Following the sale, the director directly owned 278,265 shares in the company, valued at $562,095.30. This trade represents a 21.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 396,238 shares of company stock valued at $961,418. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Gevo

Institutional investors have recently made changes to their positions in the company. First Bank & Trust bought a new stake in shares of Gevo during the third quarter valued at approximately $6,007,000. Geode Capital Management LLC lifted its position in Gevo by 104.5% in the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after acquiring an additional 2,873,940 shares in the last quarter. Vanguard Group Inc. boosted its stake in Gevo by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock valued at $30,350,000 after purchasing an additional 455,543 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Gevo in the 2nd quarter worth $383,000. Finally, Rafferty Asset Management LLC purchased a new position in shares of Gevo in the third quarter worth $561,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

About Gevo

Gevo, Inc (NASDAQ: GEVO) is a renewable chemicals and biofuels company that develops and produces low-carbon alternatives to petroleum-based products. The company’s core technology platform converts fermentable sugars into isobutanol, which can be further processed into sustainable aviation fuel (SAF), renewable gasoline, diesel, and jet fuel. Gevo’s integrated biorefinery model combines fermentation, recovery, and downstream processing to deliver scalable, drop-in replacements for conventional fossil-derived hydrocarbons.

Gevo’s primary products include isobutanol, a four-carbon alcohol used as a building block for various fuels and chemicals, and hydrocarbon fuels that meet ASTM specifications for aviation and road transport.