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

Gevo, Inc. (NASDAQ:GEVO) shares shot up 0.9% on Friday . The stock traded as high as $2.43 and last traded at $2.35. 3,186,615 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 14,115,530 shares. The stock had previously closed at $2.33.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GEVO shares. HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th. UBS Group raised their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Stock Down 3.0 %

The firm has a market cap of $541.06 million, a price-to-earnings ratio of -6.65 and a beta of 2.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The firm has a fifty day simple moving average of $1.76 and a 200-day simple moving average of $1.39.

Insider Activity

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the sale, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gevo

Several large investors have recently added to or reduced their stakes in the business. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo in the 3rd quarter worth about $29,000. International Assets Investment Management LLC purchased a new stake in shares of Gevo in the fourth quarter worth $59,000. Financial Advocates Investment Management bought a new stake in shares of Gevo during the 3rd quarter valued at about $114,000. Alternative Investment Advisors LLC. purchased a new position in Gevo in the 2nd quarter worth approximately $51,000. Finally, Point72 DIFC Ltd bought a new position in Gevo in the second quarter valued at $64,000. 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.