Verde Clean Fuels (NASDAQ:VGAS) Stock Price Up 0.3% – Still a Buy?

Verde Clean Fuels, Inc. (NASDAQ:VGAS) shot up 0.3% during mid-day trading on Friday . The company traded as high as $3.51 and last traded at $3.43. 4,344 shares were traded during mid-day trading, a decline of 70% from the average session volume of 14,338 shares. The stock had previously closed at $3.42.

Verde Clean Fuels Stock Up 0.3 %

The company’s 50-day simple moving average is $3.67 and its 200 day simple moving average is $3.89. The company has a market capitalization of $152.81 million, a P/E ratio of -6.86 and a beta of -0.49.

Verde Clean Fuels (NASDAQ:VGAS) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.14) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VGAS. JPMorgan Chase & Co. boosted its position in Verde Clean Fuels by 107.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,492 shares of the company’s stock worth $51,000 after purchasing an additional 6,476 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in shares of Verde Clean Fuels in the fourth quarter worth $62,000. Northern Trust Corp boosted its holdings in shares of Verde Clean Fuels by 37.5% during the 4th quarter. Northern Trust Corp now owns 69,522 shares of the company’s stock worth $283,000 after buying an additional 18,975 shares during the period. Finally, Geode Capital Management LLC grew its stake in Verde Clean Fuels by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 77,807 shares of the company’s stock valued at $310,000 after buying an additional 6,191 shares during the last quarter. 15.61% of the stock is owned by institutional investors.

Verde Clean Fuels Company Profile

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.