Gevo (NASDAQ:GEVO) Shares Gap Up - What's Next?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $2.04, but opened at $2.10. Gevo shares last traded at $2.12, with a volume of 5,663,420 shares trading hands.

Wall Street Analysts Forecast Growth

GEVO has been the subject of a number of analyst reports. HC Wainwright restated a "buy" rating and issued a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th. UBS Group boosted their target price 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.

Gevo Price Performance

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 stock has a fifty day simple moving average of $1.86 and a 200-day simple moving average of $1.25. The stock has a market cap of $502.75 million, a price-to-earnings ratio of -6.18 and a beta of 2.83.

Insider Transactions at Gevo

In related news, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the completion of the sale, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the business's stock in a transaction dated 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 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 disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo in the 3rd quarter valued at $29,000. Alternative Investment Advisors LLC. bought a new stake in Gevo in the second quarter valued at about $51,000. Point72 DIFC Ltd acquired a new position in Gevo in the second quarter worth about $64,000. XTX Topco Ltd lifted its stake 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 purchasing an additional 51,057 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gevo during the second quarter valued at approximately $112,000. 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.