Gevo (NASDAQ:GEVO) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.96 and traded as high as $2.05. Gevo shares last traded at $1.96, with a volume of 3,749,748 shares trading hands.

Wall Street Analyst Weigh In

GEVO has been the subject of a number of recent research reports. HC Wainwright reissued a “buy” rating on shares of Gevo in a research note on Wednesday, October 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research report on Thursday, January 22nd. Finally, Northland Securities restated an “outperform” rating and set a $3.00 price objective on shares of Gevo in a research note on Wednesday, December 31st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gevo has a consensus rating of “Hold” and an average target price of $6.42.

Gevo Price Performance

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 firm has a market cap of $474.93 million, a PE ratio of -9.80 and a beta of 1.21. The stock has a 50 day moving average price of $2.10 and a two-hundred day moving average price of $1.96.

Gevo (NASDAQ:GEVO) last released its earnings results on Monday, November 10th. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $42.71 million during the quarter, compared to analysts’ expectations of $26.82 million. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. As a group, equities analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current year.

Insider Activity

In related news, Director Carol Jane Battershell sold 75,597 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $2.02, for a total value of $152,705.94. Following the completion of the transaction, the director owned 278,265 shares in the company, valued at $562,095.30. This trade represents a 21.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $2.31, for a total value of $169,286.04. Following the completion of the transaction, the chief financial officer directly owned 271,224 shares in the company, valued at $626,527.44. This represents a 21.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 196,238 shares of company stock valued at $426,718 over the last ninety days. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently bought and sold shares of GEVO. Key Client Fiduciary Advisors LLC purchased a new stake in shares of Gevo in the 4th quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in Gevo during the second quarter valued at $26,000. Berger Financial Group Inc acquired a new position in Gevo during the fourth quarter valued at $26,000. BNP Paribas Financial Markets boosted its holdings in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after purchasing an additional 12,136 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Gevo during the 2nd quarter worth about $28,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Company Profile

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.