Gevo (NASDAQ:GEVO) Stock Price Down 4.1% - Time to Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO - Get Free Report) were down 4.1% during trading on Thursday . The stock traded as low as $2.24 and last traded at $2.33. Approximately 7,042,123 shares traded hands during trading, a decline of 57% from the average daily volume of 16,332,476 shares. The stock had previously closed at $2.43.

Analysts Set New Price Targets

Several research firms have weighed in on GEVO. HC Wainwright reissued a "buy" rating and issued a $14.00 price target on shares of Gevo in a report on Wednesday, November 13th. UBS Group upped their target price on Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd.

Gevo Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The stock's 50-day moving average price is $1.76 and its 200-day moving average price is $1.37. The company has a market cap of $557.82 million, a P/E ratio of -6.85 and a beta of 2.77.

Insider Buying and Selling at Gevo

In related news, insider Paul D. Bloom sold 16,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 947,882 shares of the company's stock, valued at $2,900,518.92. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrew Shafer sold 26,911 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now owns 332,430 shares in the company, valued at $787,859.10. The trade was a 7.49 % 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 institutional investors and hedge funds have recently made changes to their positions in GEVO. XTX Topco Ltd grew its position in 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 acquiring an additional 51,057 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Gevo during the 2nd quarter valued at approximately $64,000. Cubist Systematic Strategies LLC bought a new stake in shares of Gevo during the 2nd quarter valued at approximately $112,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Gevo during the 2nd quarter worth approximately $295,000. Finally, Millennium Management LLC bought a new position in Gevo in the 2nd quarter valued at approximately $2,888,000. 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.