Gevo (GEVO) Sees Unusually-High Trading Volume

Shares of Gevo Inc (NASDAQ:GEVO) saw an uptick in trading volume on Monday . 3,755,549 shares changed hands during mid-day trading, an increase of 370% from the previous session’s volume of 799,846 shares.The stock last traded at $4.40 and had previously closed at $3.91.

Several brokerages have commented on GEVO. HC Wainwright upgraded shares of Gevo from a “neutral” rating to a “buy” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded shares of Gevo from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Finally, ValuEngine cut shares of Gevo from a “buy” rating to a “hold” rating in a research report on Friday, June 29th.

The company has a current ratio of 11.09, a quick ratio of 10.19 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $32.02 million, a P/E ratio of -0.13 and a beta of 2.64.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Wednesday, August 8th. The energy company reported ($3.31) EPS for the quarter, topping the consensus estimate of ($5.80) by $2.49. The firm had revenue of $9.42 million for the quarter, compared to analysts’ expectations of $5.90 million. Gevo had a negative net margin of 70.32% and a negative return on equity of 26.55%. As a group, sell-side analysts expect that Gevo Inc will post -6.73 EPS for the current fiscal year.

In related news, CEO Patrick R. Gruber purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were purchased at an average price of $2.93 per share, with a total value of $29,300.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Johannes Minho Roth purchased 137,170 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was bought at an average cost of $3.07 per share, for a total transaction of $421,111.90. Following the purchase, the director now directly owns 19,424 shares in the company, valued at approximately $59,631.68. The disclosure for this purchase can be found here. Company insiders own 0.05% of the company’s stock.

A hedge fund recently bought a new stake in Gevo stock. Bank of Montreal Can purchased a new position in Gevo Inc (NASDAQ:GEVO) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 30,000 shares of the energy company’s stock, valued at approximately $114,000. Bank of Montreal Can owned approximately 0.65% of Gevo at the end of the most recent quarter. 4.64% of the stock is currently owned by hedge funds and other institutional investors.

About Gevo (NASDAQ:GEVO)

Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.

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