Gevo (NASDAQ:GEVO) Trading Down 5.8% - Time to Sell?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) fell 5.8% on Wednesday . The stock traded as low as $2.27 and last traded at $2.29. 2,484,920 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 15,364,339 shares. The stock had previously closed at $2.43.

Wall Street Analysts Forecast Growth

GEVO has been the subject of a number of recent analyst reports. HC Wainwright restated a "buy" rating and set a $14.00 price objective on shares of Gevo in a report on Wednesday, November 13th. UBS Group upped their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd.

Gevo Price Performance

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 firm has a fifty day simple moving average of $1.76 and a 200 day simple moving average of $1.37. The company has a market capitalization of $557.82 million, a PE ratio of -6.85 and a beta of 2.77.

Insider Transactions at Gevo

In other news, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the transaction, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 1.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now owns 332,430 shares of the company's stock, valued at $787,859.10. This trade represents a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company's stock.

Hedge Funds Weigh In On Gevo

Several institutional investors and hedge funds have recently added to or reduced their stakes in GEVO. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo in the 3rd quarter worth approximately $29,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo in the second quarter valued at approximately $51,000. International Assets Investment Management LLC purchased a new position in Gevo in the fourth quarter worth $59,000. Point72 DIFC Ltd acquired a new position in shares of Gevo during the second quarter worth $64,000. Finally, XTX Topco Ltd lifted its holdings in shares of Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock valued at $74,000 after purchasing an additional 51,057 shares during the last quarter. Hedge funds and other institutional investors 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.