Gevo (NASDAQ:GEVO) Stock Price Down 4.1% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVO)’s share price dropped 4.1% on Thursday . The company traded as low as $2.24 and last traded at $2.33. Approximately 7,042,123 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 16,332,476 shares. The stock had previously closed at $2.43.

Analyst Ratings Changes

GEVO has been the subject of a number of recent analyst reports. HC Wainwright reissued a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group raised their price objective on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Trading Down 4.1 %

The stock has a 50-day simple moving average of $1.76 and a 200 day simple moving average of $1.37. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The company has a market cap of $557.82 million, a price-to-earnings ratio of -6.85 and a beta of 2.77.

Insiders Place Their Bets

In other Gevo news, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. The trade was a 1.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of the business’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 value of $63,779.07. Following the transaction, the insider now owns 332,430 shares in the company, valued at approximately $787,859.10. This 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 currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in Gevo in the second quarter valued at approximately $2,888,000. Point72 Asset Management L.P. boosted its holdings in 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 purchasing an additional 812,870 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Gevo in the second quarter valued at $295,000. Cubist Systematic Strategies LLC purchased a new position in Gevo in the second quarter valued at $112,000. Finally, XTX Topco Ltd boosted its holdings in Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after purchasing an additional 51,057 shares during the period. 35.17% of the stock is currently 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.