Gevo (NASDAQ:GEVO) Stock Price Down 2.1% - Time to Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares traded down 2.1% on Monday . The stock traded as low as $2.74 and last traded at $2.79. 10,625,553 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 16,146,683 shares. The stock had previously closed at $2.85.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GEVO shares. UBS Group lifted their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. HC Wainwright reiterated a "buy" rating and set a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th.

Gevo Trading Down 4.9 %

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 capitalization of $648.79 million, a P/E ratio of -7.97 and a beta of 2.77. The business has a 50 day moving average of $1.77 and a 200-day moving average of $1.33.

Insider Buying and Selling

In other news, 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 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 trade 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 at the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, 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 Investors Weigh In On Gevo

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

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.