Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s share price shot up 2.5% on Friday . The company traded as high as $2.32 and last traded at $2.26. 2,582,622 shares traded hands during trading, a decline of 76% from the average session volume of 10,637,775 shares. The stock had previously closed at $2.20.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. UBS Group increased their price objective 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 reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th.
Check Out Our Latest Stock Analysis on GEVO
Gevo Stock Performance
The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The company has a 50 day moving average price of $1.78 and a 200-day moving average price of $1.45.
Insider Buying and Selling
In related news, insider Andrew Shafer sold 26,911 shares of the company's 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 sale, the insider now owns 332,430 shares in the company, valued at $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.00% of the stock is owned by insiders.
Hedge Funds Weigh In On Gevo
Several large investors have recently modified their holdings of GEVO. XTX Topco Ltd raised its position in Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock worth $74,000 after buying an additional 51,057 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Gevo during the second quarter valued at about $64,000. Cubist Systematic Strategies LLC purchased a new stake in Gevo in the 2nd quarter worth approximately $112,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Gevo during the second quarter valued at about $295,000. Finally, Millennium Management LLC purchased a new position in Gevo in the 2nd quarter worth approximately $2,888,000. Hedge funds and other institutional investors own 35.17% of the company's stock.
About Gevo
(
Get Free Report)
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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