Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares rose 2.5% during mid-day trading on Friday . The stock traded as high as $2.32 and last traded at $2.26. Approximately 2,582,622 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 10,637,775 shares. The stock had previously closed at $2.20.
Analysts Set New Price Targets
GEVO has been the topic of a number of recent analyst reports. 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 boosted their price target on Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd.
Read Our Latest Analysis on Gevo
Gevo Price Performance
The company's 50-day simple moving average is $1.76 and its 200-day simple moving average is $1.43. 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 company has a market cap of $523.10 million, a price-to-earnings ratio of -6.43 and a beta of 2.77.
Insider Activity
In other news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company's stock.
Hedge Funds Weigh In On Gevo
Large investors have recently modified their holdings of the stock. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo during the third quarter valued at approximately $29,000. Signal Advisors Wealth LLC bought a new position in Gevo during the 4th quarter worth $34,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo in the second quarter worth $51,000. Ballentine Partners LLC bought a new stake in Gevo in the fourth quarter valued at $54,000. Finally, International Assets Investment Management LLC bought a new stake in Gevo in the fourth quarter valued at $59,000. Institutional investors 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
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