Gevo (NASDAQ:GEVO) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of Gevo, Inc. (NASDAQ:GEVO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.07 and traded as high as $2.38. Gevo shares last traded at $2.34, with a volume of 3,445,768 shares changing hands.

Analysts Set New Price Targets

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

Gevo Stock Performance

The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $550.48 million, a P/E ratio of -17.44 and a beta of 1.51. The business’s 50 day simple moving average is $2.01 and its two-hundred day simple moving average is $2.07.

Gevo (NASDAQ:GEVO) last issued its earnings results on Thursday, March 5th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $45.35 million for the quarter, compared to the consensus estimate of $43.52 million. Sell-side analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction, the director directly owned 281,226 shares in the company, valued at $655,256.58. The trade was a 27.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lindsay Clinton Fitzgerald sold 20,000 shares of Gevo stock in a transaction 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 sale, the insider directly owned 212,199 shares of the company’s stock, valued at approximately $532,619.49. The trade was a 8.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 142,650 shares of company stock valued at $332,909. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gevo

Large investors have recently bought and sold shares of the business. Millennium Management LLC lifted its stake in Gevo by 1.9% during the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company’s stock valued at $3,803,000 after acquiring an additional 61,919 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Gevo by 11.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 123,170 shares during the period. ProShare Advisors LLC purchased a new position in shares of Gevo during the second quarter valued at approximately $63,000. Geode Capital Management LLC raised its holdings in shares of Gevo by 104.5% during the second 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 last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Gevo during the second quarter valued at approximately $67,000. 35.17% of the stock is currently 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.