Gevo Stock Jumps; Is this an invitation for new buyers?

Gevo’s total market capitalization is $493.42M, with an average trading volume of 6.07M.
State Street Corp is a major institutional holder of Gevo shares; it holds 35,309,857 shares.

Gevo Inc. is a renewable chemical and advanced biofuel company headquartered in Douglas County, Colorado. Frances Arnold established the company in 2005.

The company develops bio-based alternatives to petroleum-based products combining biotechnology and classical chemistry.

At press time, Nasdaq: Gevo stock price was trading at $2.08; the price jumped by 4% before the trading session closed on February 10, 2023.

The stock price of GEVO slipped 2.58% over the week and in the last 6 months, descended by over 44.09%. In the last year the stock suffered more than 38.46%.

Creative Planning’s move to shed its stake in Gevo by 32.2% is assumed to be the reason for the fall in Gevo’s stock price. Creative Planning is an independent wealth management company that manages over $220 billion.The company held a total of 11,947 shares of energy company stocks, and after selling 5,680 stocks, Creative Planning still holds 6,267 stocks of GEVO.

While several institutional holders reduced holdings in Gevo, State Street Corporation increased its holdings by over 42%. Now the State Street Corporation holds 10,707,987 Gevo shares.

Some major shareholders of Gevo are Vanguard Group Inc, Rafferty Asset Management, Millennium Management LLC(3,114,027), Grantham Mayo Van Otterloo(2,666,700), Creative Planning(6267) and State Street Corp(35,309,857).

In the first quarter of 2022, GEVO’s total revenue was $232.00K, from which net income was -15.67M USD. The revenue in the second quarter descended and was recorded around $89.00K, but the loss in net income decreased compared to the first quarter – $-13.16M USD.

The third quarter revenue was $309.00K. The net income was the lowest in all preceding quarters of the financial year, standing at -43.79M. Gevo employs 100+ in various projects.

Similarly, Aemetis Inc. stock (AMTX) slipped more than 1.50% in the last trading session and was trading at $4.22. Earlier on February 9, 2023, AMTX stock was trading at an impressive range around the $4.30 level.

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Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing