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

Shares of Gevo, Inc. (NASDAQ:GEVO) gapped up before the market opened on Friday . The stock had previously closed at $2.04, but opened at $2.10. Gevo shares last traded at $2.12, with a volume of 5,663,420 shares traded.

Analyst Upgrades and Downgrades

GEVO has been the topic of several research analyst reports. HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a report on Wednesday, November 13th. UBS Group lifted their price target on Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

Gevo Stock Performance

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 company has a market cap of $502.75 million, a price-to-earnings ratio of -6.18 and a beta of 2.83. The firm has a 50 day simple moving average of $1.84 and a 200-day simple moving average of $1.26.

Insider Buying and Selling

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the transaction, the insider now owns 332,430 shares in the company, valued at $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, the insider now 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 position. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GEVO. Millennium Management LLC purchased a new stake in shares of Gevo in the 2nd quarter valued at about $2,888,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Gevo in the second quarter valued at approximately $295,000. Point72 Asset Management L.P. lifted its stake in 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 buying an additional 812,870 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Gevo in the second quarter valued at approximately $112,000. Finally, XTX Topco Ltd grew its position in shares of Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after acquiring an additional 51,057 shares during the last quarter. 35.17% of the stock is owned by hedge funds and other institutional investors.

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.