Gevo (NASDAQ:GEVO) Stock Price Down 4.1% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO)’s share price was down 4.1% during trading on Thursday . The stock traded as low as $2.24 and last traded at $2.33. Approximately 7,042,123 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 16,332,476 shares. The stock had previously closed at $2.43.

Analysts Set New Price Targets

Several equities research analysts have commented on GEVO shares. HC Wainwright reissued a “buy” rating and issued a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th. UBS Group upped their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Stock Performance

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 business has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $1.37. The firm has a market cap of $557.82 million, a PE ratio of -6.85 and a beta of 2.77.

Insiders Place Their Bets

In other news, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the completion of the transaction, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Gevo during the 4th quarter worth $59,000. Point72 Asset Management L.P. boosted its position in Gevo by 54.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after acquiring an additional 812,870 shares in the last quarter. Lauterbach Financial Advisors LLC bought a new stake in Gevo during the 3rd quarter valued at $29,000. Financial Advocates Investment Management bought a new stake in Gevo during the 3rd quarter valued at $114,000. Finally, Alternative Investment Advisors LLC. bought a new stake in Gevo during the 2nd quarter valued at $51,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

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.