Gevo (NASDAQ:GEVO) Trading 3.8% Higher – Time to Buy?

Gevo, Inc. (NASDAQ:GEVO) shares rose 3.8% during mid-day trading on Wednesday . The company traded as high as $2.23 and last traded at $2.17. Approximately 1,822,485 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 11,602,997 shares. The stock had previously closed at $2.09.

Wall Street Analysts Forecast Growth

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

Gevo Stock Performance

The stock has a 50 day moving average of $1.76 and a 200-day moving average of $1.43. The company has a market capitalization of $526.70 million, a P/E ratio of -6.47 and a beta of 2.77. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling at Gevo

In related news, insider Andrew Shafer sold 26,911 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 of the company’s stock, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Gevo

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lauterbach Financial Advisors LLC purchased a new position in Gevo during the third quarter valued at $29,000. Signal Advisors Wealth LLC purchased a new position in shares of Gevo during the fourth quarter valued at about $34,000. Alternative Investment Advisors LLC. bought a new stake in shares of Gevo in the second quarter worth about $51,000. Ballentine Partners LLC purchased a new stake in shares of Gevo in the fourth quarter worth about $54,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Gevo in the fourth quarter worth about $59,000. 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.