Gevo (NASDAQ:GEVO) Stock Price Up 5.6% – Still a Buy?

Gevo, Inc. (NASDAQ:GEVO)’s stock price shot up 5.6% on Friday . The stock traded as high as $2.22 and last traded at $2.1750. 2,124,403 shares were traded during mid-day trading, a decline of 18% from the average session volume of 2,582,860 shares. The stock had previously closed at $2.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GEVO shares. HC Wainwright restated a “buy” rating on shares of Gevo in a report on Wednesday, October 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research note on Thursday. Finally, Northland Securities reaffirmed an “outperform” rating and set a $3.00 price target 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 given a Sell rating to the stock. According to data from MarketBeat, Gevo presently has an average rating of “Hold” and an average target price of $6.42.

Gevo Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 1.60. The business’s fifty day moving average price is $2.09 and its 200-day moving average price is $1.95. The stock has a market capitalization of $530.66 million, a price-to-earnings ratio of -10.95 and a beta of 1.21.

Gevo (NASDAQ:GEVO) last posted its earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $42.71 million for 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, research analysts forecast that Gevo, Inc. will post -0.42 EPS for the current year.

Insider Activity

In related news, Director Carol Jane Battershell sold 75,597 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $2.02, for a total transaction of $152,705.94. Following the completion of the sale, the director owned 278,265 shares in the company, valued at approximately $562,095.30. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $2.31, for a total value of $169,286.04. Following the transaction, the chief financial officer owned 271,224 shares in the company, valued at approximately $626,527.44. This trade 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 worth $426,718 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC increased its holdings in Gevo by 1.9% during the first quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock worth $3,803,000 after buying an additional 61,919 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Gevo by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after purchasing an additional 123,170 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Gevo in the 2nd quarter valued at about $116,000. International Assets Investment Management LLC purchased a new stake in Gevo in the second quarter valued at approximately $26,000. Finally, R Squared Ltd purchased a new stake in shares of Gevo during the 2nd quarter valued at $39,000. 35.17% of the stock is owned by hedge funds and other 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.