Gevo (NASDAQ:GEVO) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Gevo, Inc. (NASDAQ:GEVO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.33 and traded as high as $1.73. Gevo shares last traded at $1.66, with a volume of 4,216,943 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Gevo from a “hold” rating to a “sell” rating in a research note on Sunday, August 24th. HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, May 30th. Finally, Zacks Research raised shares of Gevo from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7.58.

Gevo Trading Up 2.5%

The stock has a market capitalization of $401.45 million, a P/E ratio of -6.38 and a beta of 2.18. The firm’s 50 day moving average price is $1.55 and its 200 day moving average price is $1.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.33 and a quick ratio of 2.10.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. The firm had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. As a group, equities research analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Activity at Gevo

In related news, Director Gary W. Mize sold 91,459 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $1.68, for a total transaction of $153,651.12. Following the transaction, the director owned 388,326 shares in the company, valued at $652,387.68. The trade was a 19.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick R. Gruber sold 120,304 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1.25, for a total transaction of $150,380.00. Following the transaction, the chief executive officer owned 3,963,164 shares in the company, valued at $4,953,955. This represents a 2.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 681,885 shares of company stock valued at $915,584 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in shares of Gevo during the second quarter valued at about $43,000. Engineers Gate Manager LP purchased a new stake in Gevo in the second quarter worth about $30,000. BNP Paribas Financial Markets grew its holdings in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after purchasing an additional 12,136 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Gevo in the second quarter worth about $167,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Gevo in the second quarter worth about $113,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

About Gevo

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.