Verde Clean Fuels (NASDAQ:VGAS) Trading Down 3.1% – Here’s What Happened

Shares of Verde Clean Fuels, Inc. (NASDAQ:VGASGet Free Report) fell 3.1% on Friday . The company traded as low as $2.46 and last traded at $2.47. 12,142 shares traded hands during trading, a decline of 8% from the average session volume of 13,245 shares. The stock had previously closed at $2.55.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Verde Clean Fuels in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Verde Clean Fuels presently has a consensus rating of “Sell”.

View Our Latest Stock Report on VGAS

Verde Clean Fuels Stock Performance

The company has a market cap of $110.04 million, a price-to-earnings ratio of -7.06 and a beta of -0.41. The firm’s 50-day moving average price is $2.47 and its 200 day moving average price is $2.86.

Verde Clean Fuels (NASDAQ:VGASGet Free Report) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Verde Clean Fuels

An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC lifted its stake in Verde Clean Fuels, Inc. (NASDAQ:VGASFree Report) by 12.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,441 shares of the company’s stock after buying an additional 10,335 shares during the period. Geode Capital Management LLC owned approximately 0.21% of Verde Clean Fuels worth $325,000 as of its most recent filing with the Securities and Exchange Commission. 15.61% of the stock is owned by institutional investors and hedge funds.

About Verde Clean Fuels

(Get Free Report)

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.

Further Reading

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