Stocks

Gevo Reports Unusual Options Activity

Published December 26, 2024

Gevo, Inc. (NASDAQ:GEVO) experienced a notable spike in options trading on Thursday, drawing attention from investors. A total of 12,387 call options were purchased for the company, marking a significant increase of approximately 240% compared to the average daily volume of 3,647 call options.

Insider Trading Activity

In related news, insider Paul D. Bloom sold 16,000 shares of Gevo on October 17th, with an average sale price of $3.06 per share, leading to a total of $48,960 from the transaction. After this sale, Bloom retains ownership of 947,882 shares, valued at about $2,900,518.92, which represents a decrease of 1.66% in their ownership.

Additionally, insider Andrew Shafer disposed of 26,911 shares on November 5th for an average amount of $2.37 per share, totaling $63,779.07. Following this transaction, Shafer's holding in Gevo has declined to 332,430 shares, worth roughly $787,859.10. Insider ownership accounts for about 4.00% of Gevo's stock.

Institutional Investors' Moves

Recent trading activity has also been influenced by several institutional investors acquiring or adjusting their stakes in Gevo. Notably, Millennium Management LLC entered a new position during the second quarter, investing approximately $2,888,000. Meanwhile, Point72 Asset Management L.P. increased its ownership by 54.2%, owning now 2,312,870 shares valued at $3,770,000 after a purchase of 812,870 shares.

In the same vein, Point72 Asia Singapore Pte. Ltd. invested $295,000 in a new position in the second quarter, and Cubist Systematic Strategies LLC acquired shares valued at $112,000. Additionally, XTX Topco Ltd raised its stake by 61.8%, now holding 133,674 shares worth $74,000. Overall, hedge funds and institutional investors own roughly 35.17% of Gevo's stock.

Price Targets from Analysts

Analysts have been reevaluating their outlook on Gevo recently. HC Wainwright reaffirmed a "buy" rating while setting a price target of $14.00 in a report dated November 13. In contrast, UBS Group increased its price target from $0.85 to $3.25, providing a "neutral" assessment of the stock.

Gevo's Stock Performance

On Thursday, shares of Gevo traded up by $0.48, reaching $1.99 during midday trading. The stock achieved a trading volume of 19,242,071 shares, significantly surpassing its typical volume of around 5,755,698 shares. Over the past year, Gevo's stock has fluctuated, hitting a low of $0.48 and a high of $3.39.

Financial metrics indicate that Gevo has a market capitalization of $476.37 million, a quick ratio of 8.05, a current ratio of 8.25, and a debt-to-equity ratio of 0.13. The price-to-earnings ratio currently stands at -5.85, and the company has a beta of 2.83. Its fifty-day and 200-day moving averages are $1.87 and $1.25, respectively.

About Gevo, Inc.