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

Gevo, Inc. (NASDAQ:GEVO)’s share price crossed 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 changing hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Northland Capmk upgraded shares of Gevo to a “strong-buy” rating in a research note on Monday, December 1st. UBS Group boosted their price objective on shares of Gevo from $1.15 to $2.25 and gave the company a “neutral” rating in a report on Wednesday, September 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Gevo from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Northland Securities reiterated an “outperform” rating and set a $3.00 target price on shares of Gevo in a research note on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Gevo presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.42.

Gevo Trading Down 1.5%

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 capitalization of $479.77 million, a PE ratio of -9.90 and a beta of 1.21. The stock’s fifty day simple moving average is $2.12 and its 200 day simple moving average is $1.89.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. The business had revenue of $42.71 million for the quarter, compared to analysts’ expectations of $26.82 million. On average, 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 Andrew Shafer sold 29,797 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was 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 of the company’s stock, valued at $651,676.44. This trade represents a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher Michael Ryan sold 100,000 shares of Gevo stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $2.82, for a total value of $282,000.00. Following the transaction, the chief operating officer directly owned 1,531,938 shares in the company, valued at approximately $4,320,065.16. The trade was a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 396,238 shares of company stock valued at $961,418 in the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Gevo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEVO. First Bank & Trust bought a new stake in shares of Gevo during the 3rd quarter valued at $6,007,000. Geode Capital Management LLC increased its stake 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 worth $7,424,000 after buying an additional 2,873,940 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Gevo by 11.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after buying an additional 123,170 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Gevo during the second quarter valued at about $26,000. Finally, ProShare Advisors LLC purchased a new position in shares of Gevo in the second quarter valued at about $63,000. 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.