Gevo (NASDAQ:GEVO) Trading Down 5.8% – What’s Next?

by · The Markets Daily

Gevo, Inc. (NASDAQ:GEVO – Get Free Report) dropped 5.8% on Wednesday . The stock traded as low as $2.27 and last traded at $2.29. Approximately 2,484,920 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 15,364,339 shares. The stock had previously closed at $2.43.

Analyst Ratings Changes

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

View Our Latest Analysis on GEVO

Gevo Trading Down 3.0 %

The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The firm has a market cap of $541.06 million, a P/E ratio of -6.65 and a beta of 2.77. The company’s fifty day moving average price is $1.76 and its two-hundred day moving average price is $1.37.

Insider Activity at Gevo

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

Institutional Trading of Gevo

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC acquired a new position in Gevo during the second quarter valued at approximately $2,888,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Gevo in the 2nd quarter valued at $295,000. Point72 Asset Management L.P. increased its position in shares of Gevo by 54.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Gevo during the 2nd quarter worth $112,000. Finally, XTX Topco Ltd lifted its holdings in Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares in the last quarter. 35.17% of the stock is owned by institutional investors.

About Gevo

(Get Free Report)

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.

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