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

Gevo, Inc. (NASDAQ:GEVO) experienced a decline of 2.1% in its stock price during mid-day trading on Monday. The stock reached a low of $2.74 before closing at $2.79. During this trading session, approximately 10,625,553 shares exchanged hands, marking a 34% decrease from its average daily volume of 16,146,683 shares. Previously, the stock closed at $2.85.

Analyst Ratings Changes

Recently, several analysts have provided updates regarding GEVO shares. Notably, UBS Group increased their price target for Gevo from $0.85 to $3.25, while maintaining a "neutral" rating in a report dated October 22nd. Meanwhile, HC Wainwright reiterated a "buy" rating for Gevo, setting a price target of $14.00 in a report released on November 13th.

Gevo Stock Down 4.2%

Over the past month, Gevo's performance has notably fluctuated, with the stock down by 4.2%. The company currently has a 50-day simple moving average of $1.77 and a 200-day simple moving average of $1.33. Gevo holds a market capitalization of approximately $653.58 million, a price-to-earnings (P/E) ratio of -8.03, and a beta of 2.77. Furthermore, the company exhibits a low debt-to-equity ratio of 0.13, with a quick ratio of 8.05 and a current ratio of 8.25.

Insider Transactions at Gevo

In related news, Andrew Shafer, an insider at Gevo, sold 26,911 shares of the company's stock on November 5th at an average price of $2.37, totaling $63,779.07. Following this transaction, Shafer retains ownership of 332,430 shares, valued at approximately $787,859.10, reflecting a 7.49% decrease from his previous holdings. Additionally, insider Paul D. Bloom sold 16,000 shares at an average price of $3.06 on October 17th, accumulating $48,960.00. After this sale, Bloom owns 947,882 shares valued at around $2,900,518.92, which is a 1.66% decrease in his ownership. Company insiders collectively hold about 4.00% of Gevo's stock.

Hedge Funds Weigh In On Gevo

Several hedge funds have adjusted their stakes in Gevo. Millennium Management LLC established a new position in Gevo during the second quarter with an investment of $2,888,000. Additionally, Point72 Asset Management L.P. increased its holdings in Gevo by 54.2% in the third quarter, now owning 2,312,870 shares valued at $3,770,000 after acquiring an additional 812,870 shares. Other hedge funds such as Point72 Asia Singapore Pte. Ltd., Cubist Systematic Strategies LLC, and Point72 DIFC Ltd also positioned themselves in Gevo stock during the second quarter. Currently, institutional investors and hedge funds own about 35.17% of Gevo's shares.

About Gevo

Gevo, Inc. operates as a carbon abatement company with several segments, including Gevo, Agri-Energy, and Renewable Natural Gas. The company's objective is to convert renewable energy into energy-dense liquid hydrocarbons for use as renewable fuels. Its product offerings include renewable gasoline, diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, and animal feed, among others.

Should you invest $1,000 in Gevo right now?

Before making a decision about investing in Gevo, it's essential to consider various perspectives. While Gevo has been assigned a "Moderate Buy" rating by analysts, it may be worthwhile to explore other investment options as there are stocks that some experts believe present better opportunities.

Gevo, Stocks, Investment