Gevo (NASDAQ:GEVO) Stock Passes Above 200 Day Moving Average – Should You Sell?

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 $1.92 and traded as high as $2.07. Gevo shares last traded at $2.02, with a volume of 2,128,595 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GEVO shares. Northland Securities reissued an “outperform” rating and issued a $3.00 price objective on shares of Gevo in a research note on Wednesday, December 31st. HC Wainwright reaffirmed a “buy” rating on shares of Gevo in a report on Wednesday, October 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a research report on Wednesday, October 8th. Finally, Northland Capmk raised shares of Gevo to a “strong-buy” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.42.

Gevo Stock Down 0.5%

The business has a 50-day moving average price of $2.09 and a 200-day moving average price of $1.93. The company has a market capitalization of $487.04 million, a price-to-earnings ratio of -10.05 and a beta of 1.21. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.29.

Gevo (NASDAQ:GEVO) last released its quarterly earnings results on Monday, November 10th. The energy company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $42.71 million during the quarter, compared to analyst estimates of $26.82 million. Gevo had a negative return on equity of 9.49% and a negative net margin of 37.33%. As a group, equities analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Gevo

In other news, insider Andrew Shafer sold 29,797 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $2.28, for a total value of $67,937.16. Following the completion of the sale, the insider owned 285,823 shares in the company, valued at $651,676.44. This represents a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carol Jane Battershell sold 75,597 shares of Gevo stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $2.02, for a total value of $152,705.94. Following the transaction, the director owned 278,265 shares in the company, valued at $562,095.30. This represents a 21.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 196,238 shares of company stock valued at $429,418 in the last three months. 6.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gevo

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of Gevo by 11.0% during the second quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company’s stock worth $123,000 after purchasing an additional 9,249 shares during the period. BNP Paribas Financial Markets lifted its position in Gevo by 138.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company’s stock worth $28,000 after buying an additional 12,136 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Gevo by 133.9% during the 3rd quarter. Squarepoint Ops LLC now owns 25,804 shares of the energy company’s stock valued at $51,000 after buying an additional 14,773 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Gevo during the 3rd quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Gevo by 343.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 21,855 shares of the energy company’s stock worth $43,000 after acquiring an additional 16,926 shares during the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

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.