Gevo (NASDAQ:GEVO) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.10 and traded as high as $2.53. Gevo shares last traded at $2.52, with a volume of 3,920,570 shares.

Analyst Ratings Changes

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

Gevo Stock Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.58 and a current ratio of 1.82. The firm’s 50-day moving average price is $2.05 and its two-hundred day moving average price is $2.10. The firm has a market capitalization of $611.91 million, a price-to-earnings ratio of -19.38 and a beta of 1.51.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results 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. The firm had revenue of $45.35 million during the quarter, compared to analyst estimates of $43.52 million. Gevo had a negative net margin of 21.07% and a negative return on equity of 7.20%. Sell-side analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current year.

Insider Activity at Gevo

In other news, insider Lindsay Clinton Fitzgerald sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $2.51, for a total value of $50,200.00. Following the completion of the transaction, the insider directly owned 212,199 shares of the company’s stock, valued at approximately $532,619.49. This represents a 8.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary W. Mize sold 107,100 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $2.33, for a total value of $249,543.00. Following the completion of the sale, the director directly owned 281,226 shares in the company, valued at approximately $655,256.58. This represents a 27.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 137,650 shares of company stock worth $321,959. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Gevo

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Gevo by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock worth $30,350,000 after purchasing an additional 455,543 shares during the last quarter. State Street Corp lifted its holdings in Gevo by 12.6% during the 4th quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock valued at $16,849,000 after purchasing an additional 944,287 shares during the last quarter. Invesco Ltd. boosted its position in Gevo by 41.3% in the fourth quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock valued at $11,758,000 after buying an additional 1,719,381 shares in the last quarter. Geode Capital Management LLC boosted its position in Gevo by 104.5% in the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after buying an additional 2,873,940 shares in the last quarter. Finally, Nuveen LLC grew its stake in Gevo by 107.7% during the fourth quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after buying an additional 2,146,019 shares during the last quarter. Institutional investors and hedge funds 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.