Verde Clean Fuels (NASDAQ:VGAS) Trading 17% Higher – Should You Buy?

Verde Clean Fuels, Inc. (NASDAQ:VGASGet Free Report)’s stock price was up 17% during trading on Wednesday . The company traded as high as $1.58 and last traded at $1.58. Approximately 488,303 shares were traded during trading, an increase of 6% from the average daily volume of 460,043 shares. The stock had previously closed at $1.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

View Our Latest Stock Report on Verde Clean Fuels

Verde Clean Fuels Stock Performance

The business’s 50 day moving average is $1.25 and its 200-day moving average is $1.54. The stock has a market cap of $59.70 million, a price-to-earnings ratio of -3.83 and a beta of -0.31.

Verde Clean Fuels (NASDAQ:VGASGet Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.05) earnings per share for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC raised its holdings in Verde Clean Fuels, Inc. (NASDAQ:VGASFree Report) by 12.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 94,441 shares of the company’s stock after acquiring an additional 10,335 shares during the period. Geode Capital Management LLC owned approximately 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

(Get Free Report)

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.

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