Gevo (NASDAQ:GEVO) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Gevo, Inc. (NASDAQ:GEVO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.07 and traded as high as $2.38. Gevo shares last traded at $2.34, with a volume of 3,445,768 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on GEVO. Northland Securities restated an “outperform” rating and issued a $3.00 target price on shares of Gevo in a research note on Wednesday, December 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered Gevo from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.42.

Gevo Stock Performance

The company has a market cap of $568.20 million, a price-to-earnings ratio of -18.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.58. The firm has a fifty day simple moving average of $2.00 and a 200 day simple moving average of $2.07.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Gevo had a negative net margin of 21.07% and a negative return on equity of 7.20%. The business had revenue of $45.35 million during the quarter, compared to the consensus estimate of $43.52 million. On average, sell-side analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gevo news, insider Lindsay Clinton Fitzgerald sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $2.51, for a total transaction of $50,200.00. Following the completion of the sale, the insider directly owned 212,199 shares in the company, valued at $532,619.49. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary W. Mize sold 107,100 shares of Gevo stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $2.33, for a total value of $249,543.00. Following the completion of the transaction, the director directly owned 281,226 shares in the company, valued at approximately $655,256.58. This represents a 27.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 142,650 shares of company stock valued at $332,909. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Gevo by 3.0% during the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock worth $30,350,000 after buying an additional 455,543 shares in the last quarter. State Street Corp raised its stake in shares of Gevo by 12.6% in the 4th quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock valued at $16,849,000 after buying an additional 944,287 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Gevo by 41.3% during the 4th quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after acquiring an additional 1,719,381 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Gevo by 104.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock worth $7,424,000 after acquiring an additional 2,873,940 shares during the period. Finally, Nuveen LLC boosted its position in shares of Gevo by 107.7% during the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock valued at $8,277,000 after acquiring an additional 2,146,019 shares in the last quarter. 35.17% of the stock is currently owned by institutional investors.

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.