Gevo (NASDAQ:GEVO) Trading Up 0.9% - Here's Why

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) was up 0.9% on Tuesday . The stock traded as high as $2.26 and last traded at $2.17. Approximately 2,064,338 shares traded hands during trading, a decline of 83% from the average daily volume of 12,341,798 shares. The stock had previously closed at $2.15.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GEVO shares. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th. UBS Group upped their target price on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd.

Gevo Stock Down 2.8 %

The company has a market cap of $500.36 million, a price-to-earnings ratio of -6.15 and a beta of 2.77. 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 stock's fifty day moving average is $1.75 and its two-hundred day moving average is $1.41.

Insider Buying and Selling

In other news, insider Andrew Shafer sold 26,911 shares of the company's 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 directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul D. Bloom sold 16,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 947,882 shares of the company's stock, valued at $2,900,518.92. This trade represents a 1.66 % 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 insiders.

Hedge Funds Weigh In On Gevo

A number of institutional investors have recently added to or reduced their stakes in the business. Signal Advisors Wealth LLC bought a new position in shares of Gevo in the fourth quarter worth approximately $34,000. International Assets Investment Management LLC purchased a new position in Gevo in the 4th quarter worth approximately $59,000. Point72 Asset Management L.P. raised its position in shares of Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company's stock valued at $3,770,000 after buying an additional 812,870 shares in the last quarter. Lauterbach Financial Advisors LLC purchased a new stake in shares of Gevo during the 3rd quarter valued at $29,000. Finally, Financial Advocates Investment Management bought a new stake in shares of Gevo during the 3rd quarter worth $114,000. 35.17% of the stock is currently 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.