Gevo Inc (NASDAQ:GEVO)’s stock price traded up 5.3% during mid-day trading on Thursday . The stock traded as high as $2.62 and last traded at $2.56, 169,500 shares changed hands during trading. A decline of 55% from the average session volume of 374,023 shares. The stock had previously closed at $2.43.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Gevo from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Gevo in a research report on Thursday, August 15th. Finally, ValuEngine upgraded Gevo from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.
The stock has a market cap of $33.83 million, a PE ratio of -0.49 and a beta of 2.52. The business has a 50-day moving average of $2.79 and a 200 day moving average of $2.49.
An institutional investor recently bought a new position in Gevo stock. AMG National Trust Bank purchased a new stake in Gevo Inc (NASDAQ:GEVO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,000 shares of the energy company’s stock, valued at approximately $37,000. AMG National Trust Bank owned 0.08% of Gevo at the end of the most recent reporting period. 6.41% of the stock is owned by institutional investors and hedge funds.
Gevo Company Profile (NASDAQ:GEVO)
Gevo, Inc is a renewable chemicals and next generation biofuels company, which focuses on the development and commercialization of renewable alternatives to petroleum-based products. It operates through the following segments: Gevo; Gevo Development and Agri-Energy. The Gevo segment focuses in the research and development activities related to the future production of isobutanol, including the development of the firm’s proprietary biocatalysts, the production and sale of renewable jet and other fuels, the retrofit process, and the next generation of chemicals and biofuels that will be based on the company’s isobutanol technology.
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