Gevo (NASDAQ:GEVO) Shares Down 6.6% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO)’s share price traded down 6.6% during mid-day trading on Tuesday . The stock traded as low as $2.41 and last traded at $2.53. 6,789,267 shares were traded during trading, a decline of 60% from the average session volume of 17,031,652 shares. The stock had previously closed at $2.71.

Analyst Ratings Changes

Several analysts have recently weighed in on GEVO shares. HC Wainwright restated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group boosted their price objective on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Down 11.1 %

The business has a 50-day simple moving average of $1.77 and a two-hundred day simple moving average of $1.35. The company has a market capitalization of $576.97 million, a price-to-earnings ratio of -7.09 and a beta of 2.77. 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 business’s stock in a transaction 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 approximately $787,859.10. The trade was a 7.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $48,960.00. Following the completion of the transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gevo

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lauterbach Financial Advisors LLC purchased a new stake in shares of Gevo in the 3rd quarter worth about $29,000. Alternative Investment Advisors LLC. purchased a new stake in Gevo in the 2nd quarter valued at approximately $51,000. Point72 DIFC Ltd acquired a new stake in Gevo during the 2nd quarter valued at $64,000. XTX Topco Ltd raised its holdings in shares of Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Gevo in the second quarter valued at $112,000. 35.17% of the stock is owned by institutional investors and hedge funds.

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.