Verde Clean Fuels (NASDAQ:VGAS) Trading Down 4.8% – What’s Next?

Verde Clean Fuels, Inc. (NASDAQ:VGAS)’s share price was down 4.8% on Friday . The stock traded as low as $0.94 and last traded at $0.95. Approximately 21,631 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 18,613 shares. The stock had previously closed at $0.9976.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Verde Clean Fuels Price Performance

The firm’s 50-day moving average price is $2.13 and its 200-day moving average price is $2.68. The stock has a market cap of $42.32 million, a P/E ratio of -2.71 and a beta of -0.41.

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

Institutional Investors Weigh In On Verde Clean Fuels

An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC boosted its position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing. Institutional investors and hedge funds own 15.61% of the company’s stock.

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. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.