Gevo (NASDAQ:GEVO) Hits New 12-Month High – Time to Buy?

Shares of Gevo, Inc. (NASDAQ:GEVO) hit a new 52-week high during trading on Tuesday . The company 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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Northland Securities restated an “outperform” rating and set a $3.00 target price on shares of Gevo in a research note on Wednesday, December 31st. Wall Street Zen cut Gevo from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.42.

Gevo Trading Up 2.7%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.58 and a current ratio of 1.82. The business’s 50 day moving average price is $2.06 and its 200-day moving average price is $2.11. The firm has a market cap of $693.25 million, a price-to-earnings ratio of -22.04 and a beta of 1.51.

Gevo (NASDAQ:GEVO) 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. The business had revenue of $45.35 million during the quarter, compared to the consensus estimate of $43.52 million. Gevo had a negative return on equity of 7.20% and a negative net margin of 21.07%. Equities analysts expect that Gevo, Inc. will post -0.42 EPS for the current year.

Insider Activity at Gevo

In other news, 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 completion of the transaction, the insider owned 212,199 shares in the company, valued at approximately $532,619.49. This trade represents a 8.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary W. Mize sold 107,100 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $2.33, for a total value of $249,543.00. Following the completion of the sale, the director owned 281,226 shares of the company’s stock, valued at $655,256.58. This trade represents a 27.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 137,650 shares of company stock valued at $321,959. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Several institutional investors have recently made changes to their positions in the stock. First Bank & Trust acquired a new stake in shares of Gevo during the 3rd quarter worth approximately $6,007,000. Geode Capital Management LLC boosted its position 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 valued at $7,424,000 after purchasing an additional 2,873,940 shares during the period. Nuveen LLC grew its stake in Gevo by 107.7% during the 4th quarter. Nuveen LLC now owns 4,138,251 shares of the energy company’s stock worth $8,277,000 after buying an additional 2,146,019 shares during the last quarter. Invesco Ltd. grew its stake in Gevo by 41.3% during the 4th quarter. Invesco Ltd. now owns 5,878,866 shares of the energy company’s stock worth $11,758,000 after buying an additional 1,719,381 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Gevo by 118.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,859,441 shares of the energy company’s stock worth $5,719,000 after buying an additional 1,548,302 shares during the period. 35.17% of the stock is owned by institutional investors.

Gevo Company Profile

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.