Gevo (NASDAQ:GEVO) Trading Down 3.3% – Should You Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) dropped 3.3% during trading on Wednesday . The company traded as low as $1.87 and last traded at $1.89. Approximately 1,912,570 shares changed hands during trading, a decline of 81% from the average daily volume of 10,222,692 shares. The stock had previously closed at $1.95.

Analysts Set New Price Targets

GEVO has been the topic of a number of recent research reports. UBS Group lifted their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Performance

The stock has a 50 day moving average of $1.81 and a 200 day moving average of $1.48. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $444.11 million, a price-to-earnings ratio of -5.46 and a beta of 2.77.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $1.97 million for the quarter, compared to analyst estimates of $6.08 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. During the same period in the previous year, the firm earned ($0.07) earnings per share. As a group, analysts predict that Gevo, Inc. will post -0.32 EPS for the current year.

Insider Buying and Selling

In other Gevo news, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the sale, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Gevo

Hedge funds have recently added to or reduced their stakes in the business. Lauterbach Financial Advisors LLC bought a new stake in Gevo in the third quarter worth approximately $29,000. Signal Advisors Wealth LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $34,000. Alternative Investment Advisors LLC. bought a new stake in shares of Gevo during the second quarter valued at approximately $51,000. Ballentine Partners LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $54,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $59,000. 35.17% of the stock is currently owned by institutional investors.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.