Gevo (NASDAQ:GEVO) Shares Cross Above 200-Day Moving Average – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.10 and traded as high as $2.53. Gevo shares last traded at $2.52, with a volume of 3,920,570 shares trading hands.

Analyst Upgrades and Downgrades

GEVO has been the topic of a number of research analyst reports. Wall Street Zen cut Gevo from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Northland Securities restated an “outperform” rating and set a $3.00 price target on shares of Gevo in a research note on Wednesday, December 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gevo currently has a consensus rating of “Hold” and a consensus price target of $6.42.

Gevo Price Performance

The company has a market cap of $611.91 million, a price-to-earnings ratio of -19.38 and a beta of 1.51. The company’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $2.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.82 and a quick ratio of 1.58.

Gevo (NASDAQ:GEVO) last announced its earnings results on Thursday, March 5th. The energy company reported ($0.02) earnings per share for the quarter, beating 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 business had revenue of $45.35 million during the quarter, compared to the consensus estimate of $43.52 million. On average, equities research analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.

Insider Transactions at Gevo

In related news, Director Gary W. Mize sold 107,100 shares of the 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 of the company’s stock, valued at approximately $655,256.58. This represents a 27.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $2.51, for a total value of $50,200.00. Following the sale, the insider owned 212,199 shares in the company, valued at $532,619.49. This 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 ninety days, insiders have sold 137,650 shares of company stock worth $321,959. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently made changes to their positions in GEVO. First Bank & Trust bought a new stake in shares of Gevo in the third quarter worth $6,007,000. Geode Capital Management LLC grew its holdings in Gevo by 104.5% during the 2nd quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company’s stock worth $7,424,000 after acquiring an additional 2,873,940 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Gevo in the 2nd quarter worth about $67,000. Rafferty Asset Management LLC acquired a new stake in shares of Gevo in the 3rd quarter valued at about $561,000. Finally, Intech Investment Management LLC bought a new position in shares of Gevo during the second quarter worth about $164,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.