Gevo (NASDAQ:GEVO) Stock Price Up 0.9% – Time to Buy?

Gevo, Inc. (NASDAQ:GEVO)’s share price shot up 0.9% during mid-day trading on Tuesday . The company traded as high as $2.26 and last traded at $2.17. 2,064,338 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 12,341,798 shares. The stock had previously closed at $2.15.

Analyst Ratings Changes

Several research analysts have recently commented on the company. HC Wainwright reissued a “buy” rating and set a $14.00 price objective on shares of Gevo in a report on Wednesday, November 13th. UBS Group boosted their price target 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 0.9 %

The company has a market cap of $509.94 million, a PE ratio of -6.26 and a beta of 2.77. The company’s 50 day moving average is $1.75 and its 200 day moving average is $1.41. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling at Gevo

In other news, 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 transaction of $63,779.07. Following the transaction, the insider now owns 332,430 shares in the company, valued at $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total value of $48,960.00. Following the transaction, the insider now owns 947,882 shares of the company’s stock, valued at approximately $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. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signal Advisors Wealth LLC purchased a new stake in Gevo during the 4th quarter worth about $34,000. Lauterbach Financial Advisors LLC acquired a new position in Gevo during the third quarter worth about $29,000. International Assets Investment Management LLC acquired a new stake in shares of Gevo during the 4th quarter worth about $59,000. XTX Topco Ltd increased its stake in shares of Gevo by 61.8% during the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after acquiring an additional 51,057 shares during the last quarter. Finally, Financial Advocates Investment Management purchased a new stake in Gevo during the third quarter worth approximately $114,000. 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.