Gevo (NASDAQ:GEVO) Shares Down 4% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO) shares were down 4% during mid-day trading on Monday . The stock traded as low as $2.10 and last traded at $2.17. Approximately 2,999,812 shares traded hands during trading, a decline of 77% from the average daily volume of 13,164,008 shares. The stock had previously closed at $2.26.

Analyst Ratings Changes

A number of research firms have recently commented on GEVO. HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th. UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Stock Down 6.2 %

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 business has a 50 day simple moving average of $1.76 and a 200-day simple moving average of $1.40. The firm has a market capitalization of $507.54 million, a price-to-earnings ratio of -6.24 and a beta of 2.77.

Insider Activity at Gevo

In other news, insider Andrew Shafer sold 26,911 shares of the 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 transaction, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Bloom sold 16,000 shares of Gevo stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the sale, the insider now owns 947,882 shares in the company, valued at $2,900,518.92. This represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 company. Lauterbach Financial Advisors LLC purchased a new position in Gevo in the 3rd quarter valued at $29,000. International Assets Investment Management LLC purchased a new position in Gevo in the fourth quarter valued at about $59,000. Financial Advocates Investment Management acquired a new position in Gevo during the third quarter worth $114,000. Alternative Investment Advisors LLC. purchased a new position in Gevo during the 2nd quarter valued at about $51,000. Finally, Point72 DIFC Ltd purchased a new stake in Gevo in the 2nd quarter valued at approximately $64,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.