Gevo (NASDAQ:GEVO) Stock Price Down 4% - Time to Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares dropped 4% on Monday . The stock traded as low as $2.10 and last traded at $2.17. Approximately 2,999,812 shares were traded during trading, a decline of 77% from the average daily volume of 13,164,008 shares. The stock had previously closed at $2.26.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GEVO. UBS Group boosted their price target on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research 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 note on Wednesday, November 13th.

Gevo Stock Down 4.9 %

The company has a market cap of $514.73 million, a PE ratio of -6.32 and a beta of 2.77. 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 business's 50 day moving average is $1.76 and its 200-day moving average is $1.40.

Insider Transactions at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the firm's stock in a transaction on 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 transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the sale, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC bought a new stake in shares of Gevo in the 2nd quarter valued at approximately $2,888,000. Point72 Asset Management L.P. lifted its holdings in 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. bought a new position in shares of Gevo during the second quarter valued at approximately $295,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo during the 2nd quarter worth approximately $112,000. Finally, Point72 DIFC Ltd acquired a new stake in Gevo in the second quarter worth $64,000. 35.17% of the stock is owned by institutional investors and hedge funds.

About Gevo

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.