Gevo (NASDAQ:GEVO) Shares Gap Up - Should You Buy?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $2.32, but opened at $2.49. Gevo shares last traded at $2.64, with a volume of 4,740,927 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. 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 report on Tuesday, October 22nd. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price target on shares of Gevo in a report on Wednesday, November 13th.

Gevo Trading Up 22.8 %

The company has a market cap of $682.31 million, a price-to-earnings ratio of -8.38 and a beta of 2.83. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The business's fifty day simple moving average is $1.77 and its two-hundred day simple moving average is $1.32.

Insider Activity at Gevo

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

Institutional Trading of Gevo

A number of large investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new stake in shares of Gevo in the second quarter valued at about $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gevo during the 2nd quarter valued at approximately $295,000. Point72 Asset Management L.P. lifted its position in 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 acquiring an additional 812,870 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Gevo during the 2nd quarter worth approximately $112,000. Finally, XTX Topco Ltd increased its holdings in shares of Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock valued at $74,000 after purchasing an additional 51,057 shares during the period. Institutional investors and hedge funds own 35.17% of the company's stock.

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.