Gevo (NASDAQ:GEVO) Trading Up 0.9% - What's Next?

Shares of Gevo, Inc. (NASDAQ:GEVO - Get Free Report) traded up 0.9% on Friday . The company traded as high as $2.43 and last traded at $2.35. 3,186,615 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 14,115,530 shares. The stock had previously closed at $2.33.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GEVO shares. HC Wainwright restated a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group boosted their price objective on shares of 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 3.0 %

The firm's 50-day moving average price is $1.76 and its two-hundred day moving average price is $1.37. The firm has a market cap of $541.06 million, a PE ratio of -6.65 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.

Insider Activity at Gevo

In related news, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the sale, the insider now directly owns 947,882 shares of the company's stock, valued at approximately $2,900,518.92. This represents a 1.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the firm'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 disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Institutional Trading of Gevo

A number of hedge funds have recently made changes to their positions in the stock. Lauterbach Financial Advisors LLC bought a new stake in Gevo in the third quarter worth about $29,000. International Assets Investment Management LLC acquired a new position in Gevo in the fourth quarter worth approximately $59,000. Financial Advocates Investment Management acquired a new position in Gevo in the third quarter worth approximately $114,000. Alternative Investment Advisors LLC. bought a new stake in Gevo during the second quarter worth approximately $51,000. Finally, Point72 DIFC Ltd bought a new stake in Gevo during the second quarter worth approximately $64,000. Institutional investors and hedge funds 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.