Gevo (NASDAQ:GEVO) Stock Price Down 0.9% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) shares traded down 0.9% during mid-day trading on Monday . The company traded as low as $1.62 and last traded at $1.75. 1,845,330 shares were traded during trading, a decline of 77% from the average session volume of 8,156,505 shares. The stock had previously closed at $1.76.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Tuesday.

Gevo Stock Down 2.2 %

The company has a market cap of $435.73 million, a P/E ratio of -5.35 and a beta of 2.73. The stock has a 50-day moving average of $1.86 and a two-hundred day moving average of $1.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, November 7th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $1.97 million during the quarter, compared to the consensus estimate of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, research analysts anticipate that Gevo, Inc. will post -0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Gevo

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC purchased a new stake in Gevo in the second quarter worth $2,888,000. International Assets Investment Management LLC bought a new stake in shares of Gevo during the 4th quarter valued at about $59,000. Point72 Asset Management L.P. increased its position in shares of Gevo by 54.2% during the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares during the period. Cubist Systematic Strategies LLC bought a new position in Gevo in the second quarter worth about $112,000. Finally, Ballentine Partners LLC purchased a new stake in Gevo in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.