Gevo (NASDAQ:GEVO) Stock Price Up 3.8% – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO)’s share price traded up 3.8% on Wednesday . The company traded as high as $2.23 and last traded at $2.17. 1,822,485 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 11,602,997 shares. The stock had previously closed at $2.09.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GEVO. HC Wainwright restated a “buy” rating and set a $14.00 target price on shares of Gevo in a research report on Wednesday, November 13th. UBS Group upped their price objective 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 has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $526.70 million, a PE ratio of -6.47 and a beta of 2.77. The firm’s 50 day simple moving average is $1.76 and its 200 day simple moving average is $1.43.

Insider Buying and Selling

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 $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new stake in Gevo in the second quarter worth $2,888,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Gevo in the second quarter worth about $295,000. International Assets Investment Management LLC purchased a new position in Gevo in the 4th quarter worth about $59,000. Point72 Asset Management L.P. lifted its holdings in 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 buying an additional 812,870 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Gevo during the 2nd quarter valued at about $112,000. 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.