Gevo (NASDAQ:GEVO) Trading 0.6% Higher – Time to Buy?

Gevo, Inc. (NASDAQ:GEVO) shot up 0.6% during trading on Tuesday . The stock traded as high as $1.46 and last traded at $1.45. 908,857 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 5,911,893 shares. The stock had previously closed at $1.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. HC Wainwright restated a “buy” rating and set a $14.00 target price on shares of Gevo in a research report on Wednesday, November 13th. UBS Group boosted their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Down 1.7 %

The firm’s 50-day simple moving average is $1.89 and its 200 day simple moving average is $1.09. 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 company has a market cap of $338.77 million, a P/E ratio of -4.26 and a beta of 2.94.

Insider Activity at Gevo

In other news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 1.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick R. Gruber sold 164,428 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $124,965.28. Following the sale, the chief executive officer now directly owns 3,757,976 shares in the company, valued at $2,856,061.76. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 377,474 shares of company stock worth $367,007. 4.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Gevo

Several large investors have recently modified their holdings of the business. Point72 Asset Management L.P. grew its position in shares of Gevo by 54.2% in 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 purchasing an additional 812,870 shares during the period. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo in the third quarter valued at approximately $29,000. Financial Advocates Investment Management bought a new stake in shares of Gevo during the third quarter worth $114,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo during the second quarter worth $51,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Gevo during the second quarter worth $64,000. 35.17% of the stock is currently owned by 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.