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

Gevo, Inc. (NASDAQ:GEVO)’s share price was up 0.9% during mid-day trading on Friday . The stock traded as high as $2.43 and last traded at $2.35. Approximately 3,186,615 shares traded hands during trading, a decline of 77% from the average daily volume of 14,115,530 shares. The stock had previously closed at $2.33.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group raised 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. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th.

Gevo Price Performance

The company’s 50 day moving average is $1.76 and its 200-day moving average is $1.37. The firm has a market capitalization of $536.27 million, a price-to-earnings ratio of -6.59 and a beta of 2.77. 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

In other news, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction dated 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 approximately $2,900,518.92. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the sale, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. This trade represents a 7.49 % 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 Inflows and Outflows

Several large investors have recently bought and sold shares of GEVO. International Assets Investment Management LLC bought a new stake in Gevo in the fourth quarter worth approximately $59,000. Point72 Asset Management L.P. lifted its position in shares of Gevo by 54.2% during 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 acquiring an additional 812,870 shares during the period. Lauterbach Financial Advisors LLC bought a new position in Gevo during the third quarter worth $29,000. Financial Advocates Investment Management acquired a new stake in Gevo in the third quarter worth $114,000. Finally, Alternative Investment Advisors LLC. bought a new stake in Gevo in the second quarter valued at $51,000. 35.17% of the stock is 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.