Gevo (NASDAQ:GEVO) Shares Gap Down – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO)’s share price gapped down prior to trading on Friday . The stock had previously closed at $2.65, but opened at $2.51. Gevo shares last traded at $2.91, with a volume of 4,905,306 shares changing hands.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Friday.

Gevo Price Performance

The stock has a 50-day simple moving average of $1.27 and a 200 day simple moving average of $0.86. The stock has a market capitalization of $739.41 million, a P/E ratio of -10.79 and a beta of 2.98. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

Gevo (NASDAQ:GEVO) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). Gevo had a negative return on equity of 13.50% and a negative net margin of 407.97%. The firm had revenue of $5.26 million during the quarter, compared to analyst estimates of $3.93 million. During the same period last year, the company earned ($0.06) earnings per share. On average, equities analysts forecast that Gevo, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gevo news, CEO Patrick R. Gruber sold 127,276 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total value of $64,910.76. Following the transaction, the chief executive officer now directly owns 3,922,404 shares of the company’s stock, valued at approximately $2,000,426.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Patrick R. Gruber sold 164,428 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $124,965.28. Following the completion of the transaction, the chief executive officer now directly owns 3,757,976 shares in the company, valued at approximately $2,856,061.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick R. Gruber sold 127,276 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $0.51, for a total transaction of $64,910.76. Following the completion of the sale, the chief executive officer now owns 3,922,404 shares in the company, valued at $2,000,426.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 759,600 shares of company stock valued at $486,431 over the last ninety days. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Large investors have recently bought and sold shares of the company. Bayesian Capital Management LP acquired a new position in shares of Gevo in the 1st quarter valued at $27,000. FinTrust Capital Advisors LLC bought a new stake in shares of Gevo in the first quarter worth about $38,000. XTX Topco Ltd raised its position in shares of Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after purchasing an additional 51,057 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after purchasing an additional 63,179 shares in the last quarter. Finally, Alternative Investment Advisors LLC. acquired a new position in shares of Gevo in the 2nd quarter valued at approximately $51,000. Institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

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.