Gevo, Inc. (NASDAQ:GEVO – Get Free Report) Director Patrick Gruber sold 247,642 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.51, for a total transaction of $373,939.42. Following the completion of the sale, the director directly owned 3,323,788 shares in the company, valued at approximately $5,018,919.88. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Gevo Trading Up 9.0%
NASDAQ GEVO traded up $0.13 during mid-day trading on Friday, reaching $1.57. 5,080,811 shares of the stock were exchanged, compared to its average volume of 3,645,619. The stock has a market cap of $382.15 million, a P/E ratio of -12.08 and a beta of 1.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.31 and a quick ratio of 3.51. Gevo, Inc. has a one year low of $1.15 and a one year high of $2.97. The stock has a 50 day simple moving average of $1.54 and a 200-day simple moving average of $1.83.
Gevo (NASDAQ:GEVO – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Gevo had a negative net margin of 19.38% and a negative return on equity of 5.06%. The business had revenue of $46.50 million for the quarter, compared to analysts’ expectations of $46.40 million. On average, analysts anticipate that Gevo, Inc. will post -0.07 EPS for the current year.
Institutional Investors Weigh In On Gevo
Analyst Upgrades and Downgrades
Several brokerages recently commented on GEVO. UBS Group restated a “neutral” rating and set a $2.00 target price (down from $2.25) on shares of Gevo in a research report on Friday, May 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gevo in a report on Friday, July 17th. Wall Street Zen downgraded Gevo from a “hold” rating to a “strong sell” rating in a report on Sunday, May 10th. HC Wainwright reissued a “buy” rating on shares of Gevo in a research note on Tuesday, May 26th. Finally, Northland Securities set a $3.75 price target on Gevo in a report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.88.
View Our Latest Research Report on Gevo
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.
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