Gevo (NASDAQ:GEVO) Stock Price Up 5% - Here's Why

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares were up 5% during trading on Tuesday . The stock traded as high as $1.67 and last traded at $1.67. Approximately 1,768,923 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 5,929,292 shares. The stock had previously closed at $1.59.

Analysts Set New Price Targets

A number of analysts have recently commented on GEVO shares. UBS Group boosted their price objective on Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. HC Wainwright reaffirmed a "buy" rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, October 18th.

Gevo Trading Up 3.1 %

The firm has a fifty day moving average price of $1.81 and a 200 day moving average price of $1.06. The company has a market cap of $392.73 million, a price-to-earnings ratio of -4.91 and a beta of 2.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 10.09 and a current ratio of 10.22.

Insider Buying and Selling

In related news, insider Andrew Shafer sold 26,911 shares of the firm's 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 sale, the insider now owns 332,430 shares of the company's stock, valued at $787,859.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, COO Christopher Michael Ryan sold 84,014 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $0.76, for a total value of $63,850.64. Following the sale, the chief operating officer now directly owns 1,573,934 shares of the company's stock, valued at $1,196,189.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 377,474 shares of company stock worth $367,007 in the last ninety days. Company insiders own 4.00% of the company's stock.

Hedge Funds Weigh In On Gevo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lauterbach Financial Advisors LLC purchased a new stake in shares of Gevo during the 3rd quarter valued at about $29,000. Financial Advocates Investment Management purchased a new stake in Gevo during the 3rd quarter valued at approximately $114,000. Alternative Investment Advisors LLC. bought a new stake in Gevo in the 2nd quarter valued at $51,000. Point72 DIFC Ltd purchased a new stake in shares of Gevo in the second quarter worth about $64,000. Finally, Cubist Systematic Strategies LLC bought a new position in Gevo during the second quarter valued at $112,000. Hedge funds and other 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.

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