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.
Read Our Latest Stock Report on GEVO
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
(
Get Free Report)
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.
See Also
Before you consider Gevo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gevo wasn't on the list.
While Gevo currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
