Gevo (NASDAQ:GEVO) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) passed 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 Analysts Forecast Growth

Several research firms recently commented on GEVO. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Finally, Northland Securities reaffirmed an “outperform” rating and set a $3.00 target price on shares of Gevo in a report on Wednesday, December 31st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.42.

Gevo Stock Down 3.9%

The company has a market cap of $474.93 million, a price-to-earnings ratio of -9.80 and a beta of 1.21. The business has a fifty day moving average of $2.10 and a two-hundred day moving average of $1.96. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29.

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

Insider Buying and Selling

In other news, insider Andrew Shafer sold 29,797 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $2.28, for a total transaction of $67,937.16. Following the completion of the sale, the insider owned 285,823 shares of the company’s stock, valued at $651,676.44. The trade was a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carol Jane Battershell sold 75,597 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $2.02, for a total transaction of $152,705.94. Following the transaction, the director owned 278,265 shares of the company’s stock, valued at approximately $562,095.30. This trade represents a 21.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 196,238 shares of company stock valued at $426,718. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

A number of institutional investors have recently made changes to their positions in GEVO. First Bank & Trust acquired a new stake in Gevo in the 3rd quarter valued at about $6,007,000. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 2,873,940 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Gevo by 3.0% in the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock valued at $30,350,000 after purchasing an additional 455,543 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Gevo in the second quarter valued at approximately $383,000. Finally, Rafferty Asset Management LLC purchased a new position in Gevo during the third quarter worth approximately $561,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.