Gevo (NASDAQ:GEVO) Trading Up 5.2% - Should You Buy?

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) shares were up 5.2% on Monday . The company traded as high as $2.24 and last traded at $2.21. Approximately 3,790,386 shares traded hands during trading, a decline of 35% from the average daily volume of 5,817,333 shares. The stock had previously closed at $2.10.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GEVO shares. UBS Group increased their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. HC Wainwright restated a "buy" rating and set a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Stock Up 3.3 %

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 firm has a 50 day simple moving average of $1.84 and a 200-day simple moving average of $1.27. The stock has a market capitalization of $519.51 million, a price-to-earnings ratio of -6.38 and a beta of 2.83.

Insiders Place Their Bets

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the firm's 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 completion of the sale, the insider now 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 transaction 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 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 transaction, the insider now owns 332,430 shares in the company, valued at $787,859.10. The trade was a 7.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

Institutional Investors Weigh In On Gevo

Institutional investors have recently modified their holdings of the business. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo in the 3rd quarter valued at $29,000. XTX Topco Ltd increased its holdings in shares of Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company's stock worth $74,000 after acquiring an additional 51,057 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in shares of Gevo during the third quarter worth about $114,000. Alternative Investment Advisors LLC. bought a new position in shares of Gevo during the 2nd quarter valued at about $51,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Gevo in the 2nd quarter valued at approximately $64,000. Institutional investors and hedge funds 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.