Christopher Michael Ryan Sells 84,014 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) COO Christopher Michael Ryan sold 84,014 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $63,850.64. Following the sale, the chief operating officer now owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Christopher Michael Ryan also recently made the following trade(s):

• On Tuesday, August 6th, Christopher Michael Ryan sold 46,608 shares of Gevo stock. The stock was sold at an average price of $0.51, for a total transaction of $23,770.08.
• On Wednesday, July 31st, Christopher Michael Ryan sold 39,821 shares of Gevo stock. The shares were sold at an average price of $0.59, for a total transaction of $23,494.39.

Gevo Stock Performance

Gevo stock opened at $0.93 on Wednesday. The stock has a 50-day simple moving average of $0.63 and a 200 day simple moving average of $0.69. The stock has a market capitalization of $218.68 million, a price-to-earnings ratio of -3.19 and a beta of 2.90. The company has a quick ratio of 12.62, a current ratio of 12.80 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $1.43.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). Gevo had a negative net margin of 393.88% and a negative return on equity of 11.97%. The firm had revenue of $5.26 million during the quarter, compared to analysts’ expectations of $3.93 million. During the same quarter last year, the company posted ($0.06) EPS. On average, research analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Monday, August 12th.

Institutional Trading of Gevo

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new position in shares of Gevo in the 2nd quarter valued at $2,888,000. Thomist Capital Management LP bought a new stake in Gevo in the first quarter valued at about $1,833,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Gevo in the second quarter valued at about $295,000. Vanguard Group Inc. lifted its stake in 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 buying an additional 409,693 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Gevo during the second quarter worth about $112,000. Institutional investors and hedge funds 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.