Gevo (NASDAQ:GEVO) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.21 and traded as high as $1.53. Gevo shares last traded at $1.52, with a volume of 3,919,715 shares changing hands.

Analysts Set New Price Targets

GEVO has been the subject of a number of research analyst reports. UBS Group raised their target price on Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. HC Wainwright restated a "buy" rating and issued a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th.

Gevo Stock Up 3.3 %

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 market cap of $375.87 million, a PE ratio of -4.62 and a beta of 2.83. The company has a fifty day moving average of $1.94 and a two-hundred day moving average of $1.21.

Insider Transactions at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were 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 directly owns 332,430 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the sale, the insider now directly owns 947,882 shares of the company's stock, valued at $2,900,518.92. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

Hedge Funds Weigh In On Gevo

Several hedge funds and other institutional investors have recently made changes to their positions in GEVO. Lauterbach Financial Advisors LLC purchased a new position in Gevo in the 3rd quarter worth approximately $29,000. XTX Topco Ltd lifted 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 worth $74,000 after acquiring an additional 51,057 shares during the last quarter. Financial Advocates Investment Management purchased a new position in shares of Gevo during the third quarter worth $114,000. Alternative Investment Advisors LLC. acquired a new position in Gevo in the 2nd quarter valued at about $51,000. Finally, Point72 DIFC Ltd acquired a new stake in Gevo during the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors 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.