Gevo (NASDAQ:GEVO) Stock Price Down 5.3% – Should You Sell?

Gevo, Inc. (NASDAQ:GEVOGet Free Report) shares dropped 5.3% during trading on Monday . The stock traded as low as $1.43 and last traded at $1.51. Approximately 3,280,747 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 5,929,999 shares. The stock had previously closed at $1.59.

Analyst Ratings Changes

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

Read Our Latest Research Report on GEVO

Gevo Trading Down 13.4 %

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 business’s fifty day moving average is $1.83 and its two-hundred day moving average is $1.07. The firm has a market cap of $339.96 million, a price-to-earnings ratio of -4.29 and a beta of 2.94.

Insider Activity

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Gevo news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO L Lynn Smull sold 69,738 shares of Gevo stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $53,000.88. Following the sale, the chief financial officer now directly owns 1,169,602 shares of the company’s stock, valued at $888,897.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 377,474 shares of company stock valued at $367,007. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On Gevo

Several hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gevo in the 1st quarter valued at $89,000. BNP Paribas Financial Markets lifted its holdings in Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after acquiring an additional 63,179 shares in the last quarter. Vanguard Group Inc. grew its stake in Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after acquiring an additional 409,693 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Gevo by 128.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 341,936 shares of the energy company’s stock worth $263,000 after acquiring an additional 192,457 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Gevo during the first quarter worth about $74,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

About Gevo

(Get Free Report)

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.

See Also

Receive News & Ratings for Gevo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gevo and related companies with MarketBeat.com's FREE daily email newsletter.