Gevo Experiences Significant Surge in Options Trading

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) witnessed a notable uptick in options trading on Thursday, with traders purchasing 12,387 call options. This figure marks an impressive increase of about 240% compared to the regular daily volume of 3,647 call options.

Insider Activity at Gevo

Recently, insider Paul D. Bloom sold 16,000 shares of Gevo's stock on Thursday, October 17th. The shares were sold at an average price of $3.06, culminating in a total sale amount of $48,960. Following this transaction, Bloom holds 947,882 shares, valued at approximately $2,900,518.92, reflecting a 1.66% decrease in ownership. Additionally, on November 5th, insider Andrew Shafer sold 26,911 shares at an average price of $2.37, totaling $63,779.07. After this sale, Shafer owns 332,430 shares valued at roughly $787,859.10, representing a 7.49% ownership decline. Currently, insiders hold 4.00% of Gevo's stock.

Institutional Investors in Gevo

Several institutional investors and hedge funds have recently adjusted their holdings in Gevo. Millennium Management LLC established a new position in Gevo during the second quarter with an investment of about $2,888,000. Point72 Asset Management L.P. increased its stake in Gevo by 54.2% during the third quarter, owning 2,312,870 shares valued at $3,770,000 after acquiring an additional 812,870 shares. Other notable transactions include Point72 Asia Singapore Pte. Ltd., which bought a new stake worth $295,000 during the second quarter, and Cubist Systematic Strategies LLC adding a position worth $112,000. Overall, hedge funds and institutional investors control 35.17% of Gevo's shares.

Analyst Opinions and Price Targets

Gevo has been analyzed by several research firms recently. HC Wainwright has maintained a "buy" rating with a price target of $14.00 as of November 13th. Meanwhile, UBS Group raised its price target for Gevo from $0.85 to $3.25, recommending a "neutral" stance in a report released on October 22nd.

Gevo's Stock Performance

On Thursday, Gevo's shares gained $0.48, bringing the trading price to $1.99. The trading volume reached 19,242,071 shares, significantly higher than the average of 5,755,698 shares. Gevo's stock has experienced a one-year low of $0.48 and a high of $3.39. Key financial ratios include a quick ratio of 8.05, a current ratio of 8.25, a debt-to-equity ratio of 0.13, and a market cap of $476.37 million. The price-to-earnings ratio for Gevo stands at -5.85, and it has a beta of 2.83. The fifty-day moving average is recorded at $1.87, while the 200-day moving average sits at $1.25.

About Gevo, Inc.

Gevo, Inc. operates primarily in carbon abatement and renewable energy sectors. The company has three business segments: Gevo, Agri-Energy, and Renewable Natural Gas. Gevo concentrates on transforming renewable energy sources into energy-dense liquid hydrocarbons for use as renewable fuels, such as renewable gasoline, diesel, isobutanol, sustainable aviation fuel, and other products.

Gevo, Options, Trading