In a filing, Gevo Inc. revealed its Director Mize Gary W. unloaded Company’s shares for reported $30474.0 on Aug 22. In the deal valued at $3.08 per share,9,883 shares were sold. As a result of this transaction, Mize Gary W. now holds 154,339 shares worth roughly $ 0.35 million.
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Then, Williams Geoffrey Thomas Jr. sold 18,041 shares, generating $55,629 in total proceeds. Upon selling the shares at $3.08, the VP-General Counsel & Secretary now owns 371,606 shares.
Before that, Bowron Kimberly T sold 14,681 shares. Gevo Inc. shares valued at $45,269 were divested by the Chief People Officer at a price of $3.08 per share. As a result of the transaction, Bowron Kimberly T now holds 191,153 shares, worth roughly $0.44 million.
Jefferies initiated its Gevo Inc. [GEVO] rating to a Hold in a research note published on Monday, October 19, 2022; the price target was $2.30. PT values the company’s stock at a premium of 0.43 to its Monday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Stifel began covering GEVO with “Buy” recommendation on August 24, 2021. H.C. Wainwright revised its rating on September 07, 2018. It rated GEVO as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GEVO
On Monday, Gevo Inc. [NASDAQ:GEVO] saw its stock jump 1.33% to $2.29. On the same session, the stock had its day’s lowest price of $2.22, but rose to a high of $2.30. Over the last five days, the stock has gained 1.78%. Gevo Inc. shares have fallen nearly -46.50% since the year began. Nevertheless, the stocks have fallen -68.84% over the past one year. While a 52-week high of $7.93 was reached on 03/22/22, a 52-week low of $1.91 was recorded on 10/13/22. SMA at 50 days reached $2.42, while 200 days put it at $3.22. A total of 5.32 million shares were traded, compared to the trading of 8.0 million shares in the previous session.
Levels Of Support And Resistance For GEVO Stock
The 24-hour chart illustrates a support level at 2.24, which if violated will result in even more drops to 2.19. On the upside, there is a resistance level at 2.32. A further resistance level may holdings at 2.35. The Relative Strength Index (RSI) on the 14-day chart is 50.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.74%. Stochastics %K at 49.12% indicates the stock is a holding.
How much short interest is there in Gevo Inc.?
A steep rise in short interest was recorded in Gevo Inc. stocks on Jul 14, 2022, growing by 13.37 million shares to a total of 53.23 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 39.86 million shares. There was a rise of 25.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 25.61% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.77.
Gevo Inc. [GEVO] – Who Are The Largest Shareholders?
In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 35,309,857 shares, or roughly 15.02% of the outstanding GEVO shares. In other words, the investor’s shares have risen by 11,479,096 from its previous 13-F filing of 23830761.0. Additionally, BlackRock Fund Advisors increased 44.34% of its stake after which the total value it holdings stand at $41,218,932, while The Vanguard Group, Inc. added 2.87% of its stake to hold $24.42 million in the firm. Over the last quarter, BlackRock Advisors purchased 5,833,191 shares of Gevo Inc., while Sabby Management LLC bought 5,486,831 shares. At present, Invesco Capital Management LLC is holding 5,117,436 shares valued at $11.67 million. Geode Capital Management LLC owned 3,536,738 shares of the company at the time of its most recent 13F filing, worth $8.06 million.
According to FactSet, Gevo Inc.’s share price will average $8.82 in the next year, based on opinions of analysts polled by the firm. This is up nearly 231.86 percent from its previous closing price of $2.26. Analysts expect Gevo Inc. stock to reach the higher price of $18.00, while the lowest price estimate is $2.30. However, 4 analysts have rated GEVO stock as an Overweight in their predictions for 2022.