Gevo (NASDAQ:GEVO) Trading Down 5.8% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO) shares traded down 5.8% on Wednesday . The stock traded as low as $2.27 and last traded at $2.29. 2,484,920 shares were traded during trading, a decline of 84% from the average session volume of 15,364,339 shares. The stock had previously closed at $2.43.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GEVO shares. UBS Group lifted their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Gevo in a report on Wednesday, November 13th.

Gevo Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The company has a 50-day simple moving average of $1.76 and a 200-day simple moving average of $1.36. The stock has a market cap of $567.39 million, a PE ratio of -6.97 and a beta of 2.77.

Insider Activity

In related news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now directly owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The sale 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 firm’s 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 transaction, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This trade 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.

Institutional Trading of Gevo

Large investors have recently modified their holdings of the business. Millennium Management LLC acquired a new position in Gevo in the 2nd quarter valued at about $2,888,000. Point72 Asset Management L.P. raised its position in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after buying an additional 812,870 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Gevo during the second quarter valued at approximately $295,000. Cubist Systematic Strategies LLC acquired a new stake in Gevo during the second quarter worth approximately $112,000. Finally, XTX Topco Ltd grew its stake in Gevo by 61.8% in the 2nd 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 period. 35.17% of the stock is currently owned by institutional investors and hedge funds.

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.