Gevo Experiences Significant Surge in Options Trading Activity

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) recently observed an extraordinary spike in options trading activity on a Thursday. Investors engaged in purchasing a total of 12,387 call options for the company. This activity marked an impressive surge of around 240% compared to the daily average trading volume of 3,647 call options.

Insider Transactions at Gevo

In related news, insider Paul D. Bloom made headlines by selling 16,000 shares of the corporation's stock on Thursday, October 17th. The shares were sold at an average price of $3.06, resulting in a total transaction value of $48,960. Following this sale, Bloom's direct ownership in Gevo now stands at 947,882 shares, with an estimated value of $2,900,518.92. This transaction signifies a 1.66% reduction in his stake in the company. Details of this sale are available in a filing with the Securities and Exchange Commission.

Additionally, another insider, Andrew Shafer, sold 26,911 shares on Tuesday, November 5th, at an average price of $2.37, totaling approximately $63,779.07. After this transaction, Shafer retains ownership of 332,430 shares valued at about $787,859.10. This represents a 7.49% decrease in his holdings. Currently, insiders hold 4.00% of Gevo's stock.

Institutional Investors Show Interest

Institutional investment trends indicate that several hedge funds and institutional investors have been active in buying and selling shares of GEVO. Millennium Management LLC initiated a new position in Gevo during the second quarter, worth around $2,888,000. Meanwhile, Point72 Asset Management L.P. increased its ownership by 54.2% in the third quarter, now owning 2,312,870 shares valued at $3,770,000 after adding 812,870 shares. In the second quarter, Point72 Asia Singapore Pte. Ltd. also acquired a new position valued at $295,000, along with Cubist Systematic Strategies LLC's new position worth $112,000. Lastly, XTX Topco Ltd. raised its stake by 61.8%, bringing its total to 133,674 shares valued at roughly $74,000. Hedge funds and institutional investors collectively own 35.17% of Gevo's stock.

Analyst Predictions for Gevo

Gevo has recently drawn attention from various research analysts. HC Wainwright reiterated a "buy" rating, setting a price target of $14.00 for the shares in a note published on Wednesday, November 13th. Furthermore, UBS Group raised its price target on Gevo from $0.85 to $3.25, assigning the stock a "neutral" rating on Tuesday, October 22nd.

Stock Performance Overview

In trading activities, Gevo's shares climbed by $0.48 on Thursday, reaching a price of $1.99. The company registered a trading volume of 19,242,071 shares, significantly exceeding its average trading volume of 5,755,698 shares. Over the past year, Gevo's stock price has fluctuated, marked by a low of $0.48 and a high of $3.39. Financially, the company possesses a quick ratio of 8.05, a current ratio of 8.25, and a low debt-to-equity ratio of 0.13. Gevo's current market capitalization stands at $476.37 million, with a price-to-earnings ratio of -5.85 and a beta of 2.83. As for moving averages, Gevo has recorded a fifty-day average of $1.87 and a two-hundred-day average of $1.25.

Understanding Gevo, Inc.

Gevo, Inc. operates as a carbon reduction company. It functions across three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company is engaged in converting renewable energy sources into energy-dense liquid hydrocarbons suitable for use as renewable fuels. Its product offerings include renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

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