Gevo (NASDAQ:GEVO) Shares Up 5% – What’s Next?

14 Nov 2024, 23:21 by Kim Johansen · The Markets Daily

Gevo, Inc. (NASDAQ:GEVO – Get Free Report) was up 5% during trading on Tuesday . The company traded as high as $1.67 and last traded at $1.67. Approximately 1,768,923 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 5,929,292 shares. The stock had previously closed at $1.59.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on GEVO

Gevo Price Performance

The company’s 50-day moving average is $1.85 and its 200-day moving average is $1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The firm has a market capitalization of $356.72 million, a price-to-earnings ratio of -4.38 and a beta of 2.94.

Insider Activity at Gevo

In other news, COO Christopher Michael Ryan sold 84,014 shares of Gevo stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total transaction of $63,850.64. Following the sale, the chief operating officer now owns 1,573,934 shares in the company, valued at $1,196,189.84. This trade represents a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now owns 332,430 shares in the company, valued at $787,859.10. This represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 377,474 shares of company stock worth $367,007. Company insiders own 4.00% of the company’s stock.

Institutional Trading of Gevo

A number of hedge funds have recently made changes to their positions in GEVO. Bayesian Capital Management LP acquired a new stake in shares of Gevo during the first quarter worth approximately $27,000. Lauterbach Financial Advisors LLC acquired a new stake in shares of Gevo during the third quarter worth approximately $29,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo during the second quarter worth approximately $51,000. Point72 DIFC Ltd acquired a new position in Gevo in the second quarter worth $64,000. Finally, Paloma Partners Management Co acquired a new position in Gevo in the first quarter worth $74,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

About Gevo

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