Gevo (NASDAQ:GEVO) Stock Price Up 4.9% – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO) traded up 4.9% on Thursday . The stock traded as high as $1.55 and last traded at $1.49. 1,698,010 shares changed hands during trading, a decline of 71% from the average session volume of 5,939,524 shares. The stock had previously closed at $1.42.

Analyst Upgrades and Downgrades

GEVO has been the topic of several recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Wednesday. UBS Group upped their target price on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Price Performance

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 firm’s fifty day moving average is $1.85 and its two-hundred day moving average is $1.07. The company has a market cap of $353.13 million, a P/E ratio of -4.28 and a beta of 2.94.

Insider Transactions at Gevo

In related news, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total value of $53,000.88. Following the completion of the transaction, the chief financial officer now owns 1,169,602 shares in the company, valued at approximately $888,897.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO L Lynn Smull sold 69,738 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $53,000.88. Following the completion of the sale, the chief financial officer now directly owns 1,169,602 shares of the company’s stock, valued at approximately $888,897.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 377,474 shares of company stock valued at $367,007. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gevo

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC purchased a new position in Gevo during the 2nd quarter worth $2,888,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Gevo during the second quarter valued at about $295,000. Vanguard Group Inc. raised its position in shares of Gevo by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after purchasing an additional 409,693 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Gevo in the 2nd quarter worth approximately $112,000. Finally, Price T Rowe Associates Inc. MD grew its position in Gevo by 128.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock worth $263,000 after purchasing an additional 192,457 shares during the last quarter. 35.17% of the stock is currently owned by institutional investors.

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.