Gevo (NASDAQ:GEVO) Stock Price Down 4% – What’s Next?

Gevo, Inc. (NASDAQ:GEVO)’s share price dropped 4% during mid-day trading on Monday . The company traded as low as $2.10 and last traded at $2.17. Approximately 2,999,812 shares changed hands during trading, a decline of 77% from the average daily volume of 13,164,008 shares. The stock had previously closed at $2.26.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GEVO. UBS Group lifted their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Wednesday, November 13th.

Gevo Trading Up 5.7 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The firm has a fifty day simple moving average of $1.75 and a 200-day simple moving average of $1.42. The firm has a market cap of $529.09 million, a P/E ratio of -6.50 and a beta of 2.77.

Insider Buying and Selling

In related news, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were 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 $2,900,518.92. This represents a 1.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction dated 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 owns 332,430 shares of the company’s stock, valued at $787,859.10. This trade 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 company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GEVO. Millennium Management LLC bought a new position in Gevo during the 2nd quarter valued at $2,888,000. Point72 Asset Management L.P. raised its holdings in shares of Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock valued at $3,770,000 after purchasing an additional 812,870 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Gevo during the second quarter valued at about $295,000. Cubist Systematic Strategies LLC purchased a new position in Gevo during the second quarter worth about $112,000. Finally, Point72 DIFC Ltd bought a new stake in Gevo in the 2nd quarter worth about $64,000. 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.