Gevo (NASDAQ:GEVO) Shares Gap Down – Time to Sell?

Gevo, Inc. (NASDAQ:GEVO) shares gapped down before the market opened on Friday . The stock had previously closed at $2.65, but opened at $2.51. Gevo shares last traded at $2.91, with a volume of 4,905,306 shares.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Friday.

Gevo Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22. The company has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $0.86. The company has a market cap of $739.41 million, a P/E ratio of -10.79 and a beta of 2.98.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $5.26 million during the quarter, compared to the consensus estimate of $3.93 million. Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. During the same period last year, the company earned ($0.06) earnings per share. On average, sell-side analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Gevo

In other Gevo news, CFO L Lynn Smull sold 69,738 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $53,000.88. Following the sale, the chief financial officer now directly owns 1,169,602 shares of the company’s stock, valued at approximately $888,897.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Christopher Michael Ryan sold 84,014 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $63,850.64. Following the completion of the sale, the chief operating officer now directly owns 1,573,934 shares of the company’s stock, valued at $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $53,000.88. Following the transaction, the chief financial officer now owns 1,169,602 shares of the company’s stock, valued at $888,897.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 759,600 shares of company stock valued at $486,431. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gevo

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after purchasing an additional 409,693 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Gevo during the 2nd quarter worth about $2,888,000. Thomist Capital Management LP acquired a new position in Gevo in the 1st quarter valued at about $1,833,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Gevo in the 2nd quarter valued at about $295,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Gevo by 128.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock worth $263,000 after acquiring an additional 192,457 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.

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.