Verde Clean Fuels (NASDAQ:VGAS) Stock Price Down 4.8% – Time to Sell?

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

Analyst Upgrades and Downgrades

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

Verde Clean Fuels Price Performance

The company has a market cap of $42.32 million, a price-to-earnings ratio of -2.71 and a beta of -0.41. The company’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $2.68.

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

Institutional Trading of Verde Clean Fuels

An institutional investor recently bought a new position in Verde Clean Fuels stock. Creative Planning bought a new position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,001 shares of the company’s stock, valued at approximately $34,000. Institutional investors own 15.61% of the company’s stock.

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.