Gevo (NASDAQ:GEVO) Shares Down 13.9% - Time to Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price traded down 13.9% during mid-day trading on Tuesday . The company traded as low as $1.86 and last traded at $1.90. 5,130,079 shares traded hands during trading, a decline of 51% from the average session volume of 10,371,905 shares. The stock had previously closed at $2.20.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. HC Wainwright reissued a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th.

Gevo Trading Down 12.5 %

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 $460.86 million, a PE ratio of -5.63 and a beta of 2.77. The business's 50-day moving average price is $1.79 and its 200-day moving average price is $1.46.

Insider Activity

In other news, insider Andrew Shafer sold 26,911 shares of the 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 sale, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.00% of the company's stock.

Hedge Funds Weigh In On Gevo

Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC purchased a new position in Gevo during the second quarter worth about $2,888,000. Point72 Asset Management L.P. boosted its position in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company's stock worth $3,770,000 after acquiring an additional 812,870 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Gevo in the 2nd quarter valued at $295,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo during the 2nd quarter worth $112,000. Finally, Point72 DIFC Ltd acquired a new position in Gevo in the second quarter valued at $64,000. Hedge funds and other 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.

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