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

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

Analyst Ratings Changes

GEVO has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Gevo in a research note on Wednesday, October 8th. Northland Securities restated an “outperform” rating and set a $3.00 price target on shares of Gevo in a research report on Wednesday, December 31st. Finally, HC Wainwright reiterated a “buy” rating on shares of Gevo in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.42.

Gevo Trading Up 6.6%

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 $531.87 million, a price-to-earnings ratio of -10.97 and a beta of 1.21. The firm’s 50 day moving average is $2.09 and its 200 day moving average is $1.94.

Gevo (NASDAQ:GEVO) last released its quarterly earnings data 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. The business had revenue of $42.71 million during the quarter, compared to analyst estimates of $26.82 million. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%. Equities analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Carol Jane Battershell sold 75,597 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $2.02, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Shafer sold 29,797 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $2.28, for a total transaction of $67,937.16. Following the completion of the transaction, the insider directly owned 285,823 shares of the company’s stock, valued at $651,676.44. This represents a 9.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 196,238 shares of company stock worth $426,718. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its position in Gevo by 11.0% during the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company’s stock worth $123,000 after acquiring an additional 9,249 shares during the period. BNP Paribas Financial Markets grew its position in Gevo by 138.1% during the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after purchasing an additional 12,136 shares in the last quarter. Squarepoint Ops LLC grew its position in Gevo by 133.9% during the third quarter. Squarepoint Ops LLC now owns 25,804 shares of the energy company’s stock valued at $51,000 after purchasing an additional 14,773 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Gevo in the 3rd quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Gevo by 343.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 21,855 shares of the energy company’s stock valued at $43,000 after acquiring an additional 16,926 shares in the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

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.