Gevo (NASDAQ:GEVO) Shares Gap Down – What’s Next?

Gevo, Inc. (NASDAQ:GEVO) gapped down prior to trading on Tuesday . The stock had previously closed at $2.71, but opened at $2.64. Gevo shares last traded at $2.54, with a volume of 3,768,049 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently commented on GEVO. UBS Group boosted their price objective on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. HC Wainwright reissued a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Wednesday, November 13th.

Gevo Stock Performance

The stock has a market capitalization of $579.36 million, a P/E ratio of -7.12 and a beta of 2.77. 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 stock has a 50 day simple moving average of $1.77 and a two-hundred day simple moving average of $1.35.

Insider Buying and Selling

In related news, insider Paul D. Bloom sold 16,000 shares of the stock in a transaction 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 sale, the insider now owns 947,882 shares in the company, valued at approximately $2,900,518.92. This represents a 1.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Institutional Trading of Gevo

Hedge funds have recently modified their holdings of the stock. Lauterbach Financial Advisors LLC bought a new position in Gevo in the 3rd quarter valued at about $29,000. Alternative Investment Advisors LLC. bought a new position in shares of Gevo during the second quarter worth approximately $51,000. Point72 DIFC Ltd acquired a new stake in Gevo during the 2nd quarter worth approximately $64,000. XTX Topco Ltd lifted its holdings in Gevo by 61.8% during the 2nd 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 last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Gevo in the 2nd quarter valued at $112,000. Institutional investors and hedge funds 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.