Gevo (NASDAQ:GEVO) Announces Earnings Results

Gevo (NASDAQ:GEVO) announced its earnings results on Thursday. The energy company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01, FiscalAI reports. The business had revenue of $45.35 million for the quarter, compared to analysts’ expectations of $43.52 million. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%.

Gevo Stock Down 1.0%

Shares of GEVO stock traded down $0.02 during trading hours on Thursday, reaching $1.89. 5,093,201 shares of the company’s stock were exchanged, compared to its average volume of 2,594,243. Gevo has a 1 year low of $0.92 and a 1 year high of $2.95. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.29. The stock has a market cap of $457.97 million, a PE ratio of -9.45 and a beta of 1.51. The stock’s fifty day moving average price is $1.95 and its two-hundred day moving average price is $2.03.

Insider Buying and Selling

In other Gevo news, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $2.31, for a total transaction of $169,286.04. Following the sale, the chief financial officer owned 271,224 shares of the company’s stock, valued at approximately $626,527.44. The trade was a 21.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 83,284 shares of company stock valued at $190,186. 6.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gevo

Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Gevo in the second quarter valued at about $28,000. Franklin Resources Inc. purchased a new stake in Gevo in the fourth quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its position in Gevo by 138.1% in the second quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock valued at $28,000 after buying an additional 12,136 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Gevo in the 3rd quarter worth approximately $29,000. Finally, Engineers Gate Manager LP purchased a new position in Gevo during the 2nd quarter worth approximately $30,000. 35.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GEVO shares. Northland Securities reaffirmed an “outperform” rating and set a $3.00 price objective on shares of Gevo in a research report on Wednesday, December 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gevo in a research report on Thursday, January 22nd. Two equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.42.

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.