Gevo (NASDAQ:GEVO - Get Free Report)'s stock had its "buy" rating restated by research analysts at HC Wainwright in a research note issued to investors on Monday,Benzinga reports. They presently have a $14.00 target price on the energy company's stock.
Gevo Trading Down 2.5 %
Shares of Gevo stock traded down $0.03 during trading on Monday, reaching $1.19. The company's stock had a trading volume of 2,474,393 shares, compared to its average volume of 5,858,975. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. Gevo has a 52-week low of $0.48 and a 52-week high of $3.39. The firm's 50-day moving average is $1.80 and its two-hundred day moving average is $1.71. The company has a market cap of $284.89 million, a price-to-earnings ratio of -3.50 and a beta of 2.72.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Gevo during the 4th quarter worth approximately $59,000. Point72 Asset Management L.P. grew its holdings in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company's stock worth $3,770,000 after purchasing an additional 812,870 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Gevo in the fourth quarter worth approximately $468,000. Ballentine Partners LLC purchased a new position in shares of Gevo in the fourth quarter worth $54,000. Finally, Signal Advisors Wealth LLC bought a new stake in Gevo during the 4th quarter valued at $34,000. Hedge funds and other 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.
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