Shares of Gevo Inc (NASDAQ:GEVO) traded up 8.3% during mid-day trading on Wednesday . The stock traded as high as $2.65 and last traded at $2.60. 576,187 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 637,338 shares. The stock had previously closed at $2.40.
Several analysts have recently issued reports on the stock. HC Wainwright set a $10.00 target price on shares of Gevo and gave the stock a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research lowered shares of Gevo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Finally, ValuEngine lowered shares of Gevo from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th.
The stock has a market cap of $20.74 million, a price-to-earnings ratio of -0.08 and a beta of 2.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 7.15 and a current ratio of 7.74.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC grew its position in Gevo by 69.1% during the third quarter. Virtu Financial LLC now owns 38,290 shares of the energy company’s stock valued at $152,000 after buying an additional 15,651 shares during the period. BlackRock Inc. grew its position in Gevo by 4,086.6% during the third quarter. BlackRock Inc. now owns 155,072 shares of the energy company’s stock valued at $614,000 after buying an additional 151,368 shares during the period. Renaissance Technologies LLC grew its position in Gevo by 254.7% during the third quarter. Renaissance Technologies LLC now owns 563,469 shares of the energy company’s stock valued at $2,231,000 after buying an additional 404,625 shares during the period. Jane Street Group LLC bought a new position in Gevo during the second quarter valued at about $107,000. Finally, Bank of Montreal Can grew its position in Gevo by 100.0% during the third quarter. Bank of Montreal Can now owns 60,000 shares of the energy company’s stock valued at $238,000 after buying an additional 30,000 shares during the period. Institutional investors own 12.17% of the company’s stock.
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Gevo Company Profile (NASDAQ:GEVO)
Gevo, Inc, a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks in the United States. It operates through two segments, Gevo, Inc and Gevo Development/Agri-Energy.
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