Verde Clean Fuels (NASDAQ:VGAS) Stock Price Up 0.8% – Still a Buy?

Verde Clean Fuels, Inc. (NASDAQ:VGAS)’s share price traded up 0.8% during mid-day trading on Friday . The stock traded as high as $2.59 and last traded at $2.41. 9,805 shares changed hands during trading, a decline of 4% from the average session volume of 10,186 shares. The stock had previously closed at $2.39.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Verde Clean Fuels Stock Up 0.8%

The stock has a market capitalization of $107.37 million, a price-to-earnings ratio of -6.89 and a beta of -0.43. The company has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $3.04.

Verde Clean Fuels (NASDAQ:VGAS) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.06) earnings per share for the quarter.

Institutional Trading of Verde Clean Fuels

An institutional investor recently bought a new position in Verde Clean Fuels stock. Creative Planning purchased a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,001 shares of the company’s stock, valued at approximately $34,000. Institutional investors own 15.61% of the company’s stock.

About Verde Clean Fuels

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.