Gevo (NASDAQ:GEVO) Trading Down 8% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO)’s stock price traded down 8% on Wednesday . The company traded as low as $2.46 and last traded at $2.5110. 2,056,864 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 3,463,058 shares. The stock had previously closed at $2.73.

Analyst Upgrades and Downgrades

Several brokerages have commented on GEVO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Northland Securities restated an “outperform” rating and issued a $3.00 price objective on shares of Gevo in a research report on Wednesday, December 31st. Finally, Wall Street Zen downgraded Gevo from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Gevo currently has an average rating of “Hold” and an average price target of $6.42.

Gevo Stock Performance

The stock has a market cap of $583.98 million, a P/E ratio of -18.58 and a beta of 1.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.58. The stock’s 50 day simple moving average is $2.08 and its two-hundred day simple moving average is $2.12.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts forecast that Gevo, Inc. will post -0.42 EPS for the current year.

Insider Transactions at Gevo

In other Gevo news, Director Gary W. Mize sold 107,100 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $2.33, for a total transaction of $249,543.00. Following the completion of the transaction, the director owned 281,226 shares of the company’s stock, valued at $655,256.58. This represents a 27.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lindsay Clinton Fitzgerald sold 20,000 shares of Gevo stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $2.51, for a total transaction of $50,200.00. Following the completion of the sale, the insider owned 212,199 shares in the company, valued at $532,619.49. This trade represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 137,650 shares of company stock valued at $321,959. 4.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gevo

Several large investors have recently made changes to their positions in GEVO. Key Client Fiduciary Advisors LLC acquired a new position in Gevo during the fourth quarter worth $25,000. Berger Financial Group Inc acquired a new stake in Gevo in the fourth quarter valued at $26,000. BNP Paribas Financial Markets lifted its stake in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after acquiring an additional 12,136 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Gevo in the 4th quarter valued at about $28,000. Finally, Legal & General Group Plc acquired a new position in shares of Gevo during the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.