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

Gevo, Inc. (NASDAQ:GEVO) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 research analysts have recently commented on GEVO shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a report on Thursday, January 22nd. Wall Street Zen cut Gevo from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Northland Securities reiterated an “outperform” rating and issued a $3.00 price objective on shares of Gevo in a research report on Wednesday, December 31st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.42.

Gevo Trading Up 5.0%

The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35. The stock has a market cap of $611.91 million, a P/E ratio of -19.38 and a beta of 1.51. The business’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $2.10.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, March 5th. The energy company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $45.35 million during the quarter, compared to the consensus estimate of $43.52 million. As a group, analysts expect that Gevo, Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling

In other Gevo news, insider Lindsay Clinton Fitzgerald sold 20,000 shares of the stock in a transaction 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 transaction, the insider directly owned 212,199 shares in the company, valued at approximately $532,619.49. This trade represents a 8.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary W. Mize sold 107,100 shares of Gevo 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 of the company’s stock, valued at $655,256.58. This trade 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 sold 137,650 shares of company stock valued at $321,959. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gevo

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Gevo by 3.0% during the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock valued at $30,350,000 after acquiring an additional 455,543 shares during the period. State Street Corp increased its position in Gevo by 12.6% in the fourth quarter. State Street Corp now owns 8,424,375 shares of the energy company’s stock worth $16,849,000 after purchasing an additional 944,287 shares during the period. Invesco Ltd. raised its holdings in 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 purchasing an additional 1,719,381 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 2,873,940 shares during the last quarter. Finally, Nuveen LLC lifted its position in 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 purchasing an additional 2,146,019 shares during the period. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.