Gevo (NASDAQ:GEVO) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO)’s stock price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $1.37 and traded as high as $1.40. Gevo shares last traded at $1.39, with a volume of 2,946,131 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GEVO. Wall Street Zen raised Gevo from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 17th. Weiss Ratings upgraded Gevo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a research note on Friday, October 9th. Jefferies Financial Group upgraded Gevo to a “hold” rating in a report on Tuesday, September 29th. Finally, Northland Securities set a $3.75 target price on Gevo in a report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Gevo currently has a consensus rating of “Hold” and an average target price of $2.55.

Gevo Stock Up 13.9%

The company’s fifty day moving average price is $1.37 and its 200-day moving average price is $1.70. The stock has a market cap of $343.66 million, a P/E ratio of -1.56 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.19 and a current ratio of 2.70.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $46.50 million during the quarter, compared to analysts’ expectations of $46.40 million. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. Equities analysts forecast that Gevo, Inc. will post -0.20 EPS for the current year.

Insider Transactions at Gevo

In other news, Director James Barber acquired 50,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was acquired at an average price of $1.54 per share, with a total value of $77,000.00. Following the completion of the purchase, the director directly owned 120,000 shares in the company, valued at approximately $184,800. This trade represents a 71.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 6,068 shares of company stock valued at $10,343 over the last ninety days. 7.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GEVO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Gevo during the 1st quarter worth approximately $28,000. Sigma Planning Corp bought a new position in Gevo in the 1st quarter valued at $46,000. Baader Bank Aktiengesellschaft purchased a new stake in Gevo in the first quarter worth $49,000. Y Intercept Hong Kong Ltd purchased a new stake in Gevo in the first quarter worth $51,000. Finally, Caxton Associates LLP purchased a new stake in Gevo in the first quarter worth $153,000. Institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc is a renewable fuels and chemicals company headquartered in Englewood, Colorado. The company develops technologies that use renewable carbon sources, including plant-based feedstocks, to produce lower-carbon alternatives to petroleum-based products. Its work is focused on reducing greenhouse-gas emissions across the life cycle of fuels and chemicals.

Gevo’s activities have included the development and production of renewable alcohols and hydrocarbons, including isobutanol and sustainable aviation fuel.