Gevo (NASDAQ:GEVO) Trading Down 2.9% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) fell 2.9% during trading on Wednesday . The stock traded as low as $1.56 and last traded at $1.59. 1,121,030 shares changed hands during trading, a decline of 81% from the average session volume of 5,928,384 shares. The stock had previously closed at $1.64.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GEVO shares. UBS Group increased their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday.

Gevo Stock Up 4.9 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The firm’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $1.08.

Insider Buying and Selling at Gevo

In other news, 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 completion of the sale, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. The trade was a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul D. Bloom sold 16,000 shares of the company’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 value of $48,960.00. Following the transaction, the insider now directly owns 947,882 shares of the company’s stock, valued at approximately $2,900,518.92. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 377,474 shares of company stock valued at $367,007. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently added to or reduced their stakes in GEVO. Lauterbach Financial Advisors LLC acquired a new stake in shares of Gevo in the third quarter valued at about $29,000. Bayesian Capital Management LP purchased a new stake in Gevo during the 1st quarter worth approximately $27,000. Financial Advocates Investment Management acquired a new position in shares of Gevo during the third quarter valued at approximately $114,000. Alternative Investment Advisors LLC. purchased a new position in shares of Gevo in the second quarter valued at approximately $51,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Gevo in the first quarter worth approximately $74,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

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.