Gevo’s (GEVO) Buy Rating Reaffirmed at HC Wainwright

Gevo (NASDAQ:GEVO)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a report released on Monday,Benzinga reports. They currently have a $14.00 price target on the energy company’s stock.

Gevo Price Performance

Shares of NASDAQ:GEVO opened at $1.30 on Monday. The company has a 50 day moving average of $1.86 and a 200 day moving average of $1.71. 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 stock has a market cap of $311.23 million, a P/E ratio of -3.82 and a beta of 2.72. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39.

Institutional Investors Weigh In On Gevo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in Gevo in the 4th quarter worth about $59,000. Point72 Asset Management L.P. grew its holdings in shares of Gevo by 54.2% during the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Gevo during the fourth quarter worth about $468,000. Ballentine Partners LLC bought a new position in shares of Gevo in the fourth quarter worth approximately $54,000. Finally, Signal Advisors Wealth LLC purchased a new stake in Gevo in the fourth quarter valued at approximately $34,000. 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.