Gevo, Inc. (NASDAQ:GEVO) saw unusually-high trading volume on Friday . Approximately 2,837,131 shares changed hands during trading, an increase of 244% from the previous session’s volume of 825,721 shares.The stock last traded at $4.17 and had previously closed at $3.88.
GEVO has been the subject of several recent research reports. HC Wainwright restated a “hold” rating on shares of Gevo in a report on Tuesday, May 15th. Zacks Investment Research upgraded shares of Gevo from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, ValuEngine upgraded shares of Gevo from a “hold” rating to a “buy” rating in a report on Monday, June 18th.
The company has a debt-to-equity ratio of 0.12, a quick ratio of 10.19 and a current ratio of 11.09. The firm has a market cap of $31.53 million, a price-to-earnings ratio of -0.13 and a beta of 2.70.
Gevo (NASDAQ:GEVO) last posted its earnings results on Wednesday, August 8th. The energy company reported ($3.31) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($5.80) by $2.49. Gevo had a negative net margin of 70.32% and a negative return on equity of 26.55%. The firm had revenue of $9.42 million during the quarter, compared to the consensus estimate of $5.90 million. analysts forecast that Gevo, Inc. will post -17.6 EPS for the current year.
In other news, Director Johannes Minho Roth purchased 137,170 shares of the stock in a transaction dated Friday, August 17th. The stock was acquired at an average cost of $3.07 per share, for a total transaction of $421,111.90. Following the completion of the acquisition, the director now directly owns 19,424 shares in the company, valued at approximately $59,631.68. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Patrick R. Gruber purchased 10,000 shares of the stock in a transaction dated 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 disclosure for this purchase can be found here. 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 shares of Gevo, Inc. (NASDAQ:GEVO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 reporting period. Hedge funds and other institutional investors own 4.64% of the company’s stock.
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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