Gevo (NASDAQ:GEVO) Shares Down 4% - What's Next?

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

Analyst Ratings Changes

GEVO has been the subject of a number of recent analyst reports. UBS Group upped their price objective 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 set a $14.00 price target on shares of Gevo in a research report on Wednesday, November 13th.

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 business's fifty day moving average is $1.75 and its 200 day moving average is $1.42. The company has a market cap of $529.09 million, a P/E ratio of -6.50 and a beta of 2.77.

Insider Buying and Selling at Gevo

In related news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction dated Thursday, October 17th. The stock was 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 of the company's stock, valued at approximately $2,900,518.92. This trade represents a 1.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On Gevo

A number of hedge funds and other institutional investors have recently bought and sold shares of GEVO. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo in the third quarter worth $29,000. Signal Advisors Wealth LLC bought a new position in Gevo in the 4th quarter worth about $34,000. Alternative Investment Advisors LLC. purchased a new position in Gevo during the 2nd quarter valued at about $51,000. International Assets Investment Management LLC bought a new stake in shares of Gevo during the fourth quarter valued at about $59,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Gevo in the second quarter worth about $64,000. Institutional investors own 35.17% of the company's stock.

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.

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