Verde Clean Fuels (NASDAQ:VGAS) Stock Price Down 3.1% – Time to Sell?

Verde Clean Fuels, Inc. (NASDAQ:VGAS) shares fell 3.1% during mid-day trading on Friday . The company traded as low as $2.46 and last traded at $2.47. 12,142 shares traded hands during trading, a decline of 8% from the average session volume of 13,245 shares. The stock had previously closed at $2.55.

Wall Street Analyst Weigh In

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

Verde Clean Fuels Trading Down 3.1%

The stock’s fifty day moving average is $2.47 and its two-hundred day moving average is $2.86. The company has a market capitalization of $110.04 million, a PE ratio of -7.06 and a beta of -0.41.

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

Hedge Funds Weigh In On Verde Clean Fuels

An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC increased its stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,441 shares of the company’s stock after purchasing an additional 10,335 shares during the quarter. Geode Capital Management LLC owned about 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent quarter. Institutional investors 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.