Gevo (NASDAQ:GEVO) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Gevo, Inc. (NASDAQ:GEVO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.96 and traded as high as $2.05. Gevo shares last traded at $1.96, with a volume of 3,749,748 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Northland Securities restated an “outperform” rating and issued a $3.00 price target on shares of Gevo in a report on Wednesday, December 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Gevo in a research note on Thursday, January 22nd. Finally, HC Wainwright reissued a “buy” rating on shares of Gevo in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.42.

Gevo Trading Down 3.9%

The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average is $2.10 and its 200 day moving average is $1.96. The company has a market cap of $474.93 million, a price-to-earnings ratio of -9.80 and a beta of 1.21.

Gevo (NASDAQ:GEVO) last posted its earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.01. Gevo had a negative net margin of 37.33% and a negative return on equity of 9.49%. The business had revenue of $42.71 million for the quarter, compared to analyst estimates of $26.82 million. Research analysts predict that Gevo, Inc. will post -0.42 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Oluwagbemileke Yusuf Agiri sold 73,284 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $2.31, for a total transaction of $169,286.04. Following the transaction, the chief financial officer owned 271,224 shares in the company, valued at $626,527.44. This trade represents a 21.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew Shafer sold 29,797 shares of Gevo stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $2.28, for a total transaction of $67,937.16. Following the completion of the sale, the insider directly owned 285,823 shares in the company, valued at $651,676.44. This represents a 9.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 196,238 shares of company stock worth $426,718. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GEVO. Vanguard Group Inc. increased its stake in shares of Gevo by 3.0% during the third quarter. Vanguard Group Inc. now owns 15,484,697 shares of the energy company’s stock worth $30,350,000 after purchasing an additional 455,543 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $7,424,000 after buying an additional 2,873,940 shares in the last quarter. Invesco Ltd. increased its stake in Gevo by 6.3% during the 3rd quarter. Invesco Ltd. now owns 4,159,485 shares of the energy company’s stock worth $8,153,000 after buying an additional 244,983 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Gevo by 1.9% during the first 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 last quarter. Finally, First Bank & Trust purchased a new position in shares of Gevo in the third quarter valued at approximately $6,007,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.