Verde Clean Fuels (NASDAQ:VGAS) Trading 3.5% Higher – Time to Buy?

Verde Clean Fuels, Inc. (NASDAQ:VGAS)’s stock price traded up 3.5% during trading on Monday . The stock traded as high as $1.58 and last traded at $1.46. 34,775 shares changed hands during trading, a decline of 41% from the average session volume of 58,532 shares. The stock had previously closed at $1.41.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Verde Clean Fuels Stock Performance

The stock’s 50-day simple moving average is $1.74 and its 200-day simple moving average is $2.52. The firm has a market capitalization of $65.04 million, a PE ratio of -4.17 and a beta of -0.37.

Hedge Funds Weigh In On Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC boosted its stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent reporting period. 15.61% of the stock is owned by institutional investors.

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.