Gevo (NASDAQ:GEVO) Shares Down 2.1% - Should You Sell?

Gevo, Inc. (NASDAQ:GEVO) experienced a decline of 2.1% during trading on Monday. The stock price reached a low of $2.74 before closing at $2.79. Over the course of the day, approximately 10,625,553 shares changed hands, marking a 34% drop from the average daily trading volume of 16,146,683 shares. The previous closing price of the stock was $2.85.

Analyst Ratings Changes

Recently, several analysts have updated their ratings for GEVO shares. For instance, UBS Group raised Gevo's price target from $0.85 to $3.25 while maintaining a "neutral" rating as of October 22nd. Meanwhile, HC Wainwright reaffirmed a "buy" rating with a significantly higher price target of $14.00 expressed in their report dated November 13th.

Gevo Stock Down 4.2%

The stock has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $1.33. Gevo currently holds a market capitalization of $653.58 million. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05, and a current ratio of 8.25, indicating a relatively stable financial position. Additionally, the stock showcases a P/E ratio of -8.03 and a beta of 2.77, implying higher volatility compared to the overall market.

Insider Transactions at Gevo

In other company developments, insider Andrew Shafer sold 26,911 shares on November 5th at an average price of $2.37, resulting in a total sale value of $63,779.07. Following this transaction, Shafer's remaining ownership stands at 332,430 shares, valued at approximately $787,859.10, reflecting a 7.49% reduction in his holdings. In another transaction, insider Paul D. Bloom sold 16,000 shares on October 17th for an average price of $3.06, totaling $48,960. Bloom now owns 947,882 shares valued at around $2,900,518.92, indicating a 1.66% decrease in his position. It is noteworthy that company insiders collectively own about 4.00% of Gevo's shares.

Hedge Funds Weigh In On Gevo

Recent actions by hedge funds indicate a growing interest in Gevo. Notably, Millennium Management LLC initiated a new position worth $2,888,000 during the second quarter. Additionally, Point72 Asset Management L.P. increased its holdings by 54.2% in the third quarter, now owning 2,312,870 shares valued at $3,770,000 after acquiring 812,870 additional shares. Other entities, including Point72 Asia Singapore Pte. Ltd. and Cubist Systematic Strategies LLC, have also established new positions, contributing to the cumulative 35.17% ownership by institutional investors and hedge funds.

About Gevo

Gevo, Inc. operates as a carbon abatement company with a focus on three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company aims to convert renewable energy into energy-dense liquid hydrocarbons that serve as renewable fuels. Gevo's product offerings include renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, along with animal feed and protein.

What to Consider

Before making any investment decisions related to Gevo, it’s advisable to assess the current stock performance and research various analysts' recommendations. Although the stock is currently classified as a "Moderate Buy," investors might find more attractive opportunities elsewhere as indicated by other top-rated analysts.

Gevo, Stocks, Analyst