CO2 Energy Transition (NASDAQ:NOEM) Shares Down 0.1% – Time to Sell?

Shares of CO2 Energy Transition Corp. (NASDAQ:NOEM) traded down 0.1% during trading on Monday . The company traded as low as $10.33 and last traded at $10.38. 478 shares were traded during mid-day trading, a decline of 64% from the average session volume of 1,345 shares. The stock had previously closed at $10.39.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CO2 Energy Transition in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

CO2 Energy Transition Stock Down 0.1%

The firm has a 50-day moving average of $10.31 and a two-hundred day moving average of $10.22. The company has a market capitalization of $99.54 million and a PE ratio of 115.33.

CO2 Energy Transition (NASDAQ:NOEM) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.05 earnings per share for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC lifted its holdings in CO2 Energy Transition by 30.9% during the 4th quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock worth $749,000 after buying an additional 17,196 shares in the last quarter. Dakota Wealth Management increased its position in shares of CO2 Energy Transition by 11.7% during the fourth quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock worth $294,000 after acquiring an additional 3,000 shares during the period. Flow Traders U.S. LLC raised its stake in shares of CO2 Energy Transition by 11.9% in the third quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after acquiring an additional 1,578 shares in the last quarter. Clear Street Group Inc. purchased a new position in CO2 Energy Transition in the third quarter valued at $110,000. Finally, Radcliffe Capital Management L.P. acquired a new position in CO2 Energy Transition during the 3rd quarter worth $308,000.

CO2 Energy Transition Company Profile

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.