Gevo (NASDAQ:GEVO) Stock Price Up 2.5% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) shares rose 2.5% during mid-day trading on Friday . The stock traded as high as $2.32 and last traded at $2.26. Approximately 2,582,622 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 10,637,775 shares. The stock had previously closed at $2.20.

Analysts Set New Price Targets

GEVO has been the topic of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price target on shares of Gevo in a research note on Wednesday, November 13th. UBS Group boosted their price target on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Price Performance

The company’s 50-day simple moving average is $1.76 and its 200-day simple moving average is $1.43. 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 market cap of $523.10 million, a price-to-earnings ratio of -6.43 and a beta of 2.77.

Insider Activity

In other news, insider Andrew Shafer sold 26,911 shares of the 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 transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Large investors have recently modified their holdings of the stock. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo during the third quarter valued at approximately $29,000. Signal Advisors Wealth LLC bought a new position in Gevo during the 4th quarter worth $34,000. Alternative Investment Advisors LLC. acquired a new stake in Gevo in the second quarter worth $51,000. Ballentine Partners LLC bought a new stake in Gevo in the fourth quarter valued at $54,000. Finally, International Assets Investment Management LLC bought a new stake in Gevo in the fourth quarter valued at $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.