Gevo (NASDAQ:GEVO) Shares Up 2.5% – Should You Buy?

Gevo, Inc. (NASDAQ:GEVO)’s stock price rose 2.5% during trading on Friday . The company traded as high as $2.32 and last traded at $2.26. Approximately 2,582,622 shares traded 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

Several equities analysts recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th. UBS Group raised their price target on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd.

Gevo Price Performance

The stock has a 50 day moving average of $1.78 and a two-hundred day moving average of $1.45. 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 has a market capitalization of $526.70 million, a P/E ratio of -6.47 and a beta of 2.77.

Insider Activity

In related news, insider Andrew Shafer sold 26,911 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd increased its stake in shares of Gevo by 61.8% in the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after purchasing an additional 51,057 shares during the period. Point72 DIFC Ltd bought a new position in Gevo in the 2nd quarter worth approximately $64,000. Cubist Systematic Strategies LLC acquired a new position in shares of Gevo during the second quarter worth approximately $112,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo in the second quarter valued at approximately $295,000. Finally, Millennium Management LLC bought a new position in Gevo during the second quarter worth $2,888,000. Institutional investors and hedge funds 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.