Gevo (NASDAQ:GEVO) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Gevo, Inc. (NASDAQ:GEVO) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $1.37 and traded as high as $1.40. Gevo shares last traded at $1.39, with a volume of 2,946,131 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GEVO shares. Jefferies Financial Group raised shares of Gevo to a “hold” rating in a report on Tuesday, September 29th. Wall Street Zen raised shares of Gevo from a “strong sell” rating to a “sell” rating in a report on Saturday, October 17th. HC Wainwright reissued a “buy” rating on shares of Gevo in a report on Friday, October 9th. Weiss Ratings upgraded Gevo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. Finally, Northland Securities set a $3.75 price objective on Gevo in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.55.

Gevo Price Performance

The company has a fifty day moving average of $1.37 and a 200 day moving average of $1.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.70 and a quick ratio of 2.19. The firm has a market capitalization of $343.66 million, a P/E ratio of -1.56 and a beta of 1.13.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $46.50 million during the quarter, compared to analyst estimates of $46.40 million. Gevo had a negative net margin of 119.93% and a negative return on equity of 6.50%. Sell-side analysts predict that Gevo, Inc. will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director James Barber acquired 50,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was purchased at an average cost of $1.54 per share, with a total value of $77,000.00. Following the acquisition, the director owned 120,000 shares of the company’s stock, valued at approximately $184,800. This trade represents a 71.43% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 6,068 shares of company stock worth $10,343 over the last 90 days. 7.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Gevo during the 1st quarter valued at about $28,000. Sigma Planning Corp bought a new position in shares of Gevo in the first quarter valued at approximately $46,000. Baader Bank Aktiengesellschaft purchased a new position in Gevo in the 1st quarter worth $49,000. Y Intercept Hong Kong Ltd bought a new position in Gevo during the 1st quarter valued at about $51,000. Finally, Caxton Associates LLP purchased a new position in Gevo in the first quarter worth about $153,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

About Gevo

Gevo, Inc is a renewable fuels and chemicals company headquartered in Englewood, Colorado. The company develops technologies that use renewable carbon sources, including plant-based feedstocks, to produce lower-carbon alternatives to petroleum-based products. Its work is focused on reducing greenhouse-gas emissions across the life cycle of fuels and chemicals.

Gevo’s activities have included the development and production of renewable alcohols and hydrocarbons, including isobutanol and sustainable aviation fuel.