Gevo (NASDAQ:GEVO) Receives Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Gevo (NASDAQ:GEVO) in a report issued on Monday,Benzinga reports. HC Wainwright currently has a $14.00 price target on the energy company’s stock.

Gevo Stock Up 0.8 %

Gevo stock opened at $1.22 on Monday. Gevo has a 1-year low of $0.48 and a 1-year high of $3.39. 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 stock has a market cap of $292.08 million, a PE ratio of -3.59 and a beta of 2.72. The stock’s fifty day moving average is $1.82 and its two-hundred day moving average is $1.72.

Institutional Trading of Gevo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Gevo during the fourth quarter worth about $27,000. IHT Wealth Management LLC acquired a new stake in shares of Gevo during the fourth quarter worth about $29,000. Signal Advisors Wealth LLC acquired a new stake in shares of Gevo during the fourth quarter worth about $34,000. Commonwealth Equity Services LLC acquired a new stake in shares of Gevo during the fourth quarter worth about $49,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Gevo during the fourth quarter worth about $49,000. Institutional investors and hedge funds 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.