Gevo (NASDAQ:GEVO) Trading Down 6.3% – Should You Sell?

Shares of Gevo, Inc. (NASDAQ:GEVO) dropped 6.3% on Thursday . The stock traded as low as $2.06 and last traded at $2.07. Approximately 1,925,764 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 11,019,677 shares. The stock had previously closed at $2.21.

Analyst Ratings Changes

GEVO has been the subject of several research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Gevo in a report on Wednesday, November 13th. UBS Group boosted their price target 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 Stock Performance

The firm has a market cap of $526.70 million, a P/E ratio of -6.47 and a beta of 2.77. The company has a 50 day moving average of $1.78 and a 200 day moving average of $1.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25.

Insider Activity at Gevo

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 332,430 shares of the company’s stock, valued at $787,859.10. This represents a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gevo

A number of large investors have recently added to or reduced their stakes in GEVO. Lauterbach Financial Advisors LLC acquired a new position in shares of Gevo during the third quarter worth approximately $29,000. Signal Advisors Wealth LLC acquired a new position in shares of Gevo during the fourth quarter worth approximately $34,000. Alternative Investment Advisors LLC. acquired a new position in shares of Gevo during the second quarter worth approximately $51,000. Ballentine Partners LLC acquired a new position in shares of Gevo during the fourth quarter worth approximately $54,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Gevo during the fourth quarter worth approximately $59,000. Institutional investors 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.