Gevo (NASDAQ:GEVO) Sets New 12-Month High – Should You Buy?

Gevo, Inc. (NASDAQ:GEVOGet Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $2.97 and last traded at $2.8750, with a volume of 2428048 shares. The stock had previously closed at $2.78.

Gevo News Roundup

Here are the key news stories impacting Gevo this week:

Analysts Set New Price Targets

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

Read Our Latest Stock Report on GEVO

Gevo Stock Down 12.5%

The company has a market capitalization of $580.34 million, a PE ratio of -18.38 and a beta of 1.51. The stock’s 50 day moving average is $2.09 and its 200 day moving average is $2.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.58 and a current ratio of 1.82.

Gevo (NASDAQ:GEVOGet Free Report) last posted its quarterly earnings results on Thursday, March 5th. The energy company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%.The firm had revenue of $45.35 million during the quarter, compared to analyst estimates of $43.52 million. On average, sell-side analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at Gevo

In other news, insider Lindsay Clinton Fitzgerald sold 20,000 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 212,199 shares in the company, valued at $532,619.49. The trade was a 8.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary W. Mize sold 107,100 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $2.33, for a total value of $249,543.00. Following the completion of the transaction, the director owned 281,226 shares in the company, valued at $655,256.58. This represents a 27.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 137,650 shares of company stock valued at $321,959. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of hedge funds and other institutional investors have recently modified their holdings of GEVO. First Bank & Trust purchased a new stake in Gevo in the third quarter worth approximately $6,007,000. Geode Capital Management LLC increased its position in shares of Gevo by 104.5% in the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock valued at $7,424,000 after acquiring an additional 2,873,940 shares during the period. Rafferty Asset Management LLC purchased a new position in Gevo during the 3rd quarter valued at about $561,000. Intech Investment Management LLC bought a new position in shares of Gevo during the second quarter valued at approximately $164,000. Finally, Ameritas Investment Partners Inc. bought a new position in Gevo in the 2nd quarter worth $31,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Company Profile

(Get Free Report)

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.

Further Reading

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