CO2 Energy Transition (NASDAQ:NOEM) Trading Down 0.1% - Time to Sell?

Key Points

• CO2 Energy Transition (NASDAQ:NOEM) was down about 0.1%, last trading near $10.38 on thin volume (987 shares, down ~58% vs. average), and is trading close to its 50‑day ($10.37) and 200‑day ($10.30) moving averages; market cap is roughly $99.5M with a PE of ~79.9 and a beta of 0.02.
• Sell consensus from analysts: Weiss Ratings reiterated a "sell (d-)" and MarketBeat shows the company currently has a consensus rating of "Sell."
• CO2 Energy Transition is a SPAC targeting climate‑tech and energy‑transition deals and has no definitive business combination announced to date.

CO2 Energy Transition Corp. (NASDAQ:NOEM - Get Free Report) was down 0.1% on Thursday . The stock traded as low as $10.39 and last traded at $10.38. Approximately 987 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 2,347 shares. The stock had previously closed at $10.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of CO2 Energy Transition in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".

CO2 Energy Transition Price Performance

The stock has a 50 day simple moving average of $10.37 and a 200-day simple moving average of $10.30. The firm has a market cap of $99.54 million, a PE ratio of 79.85 and a beta of 0.02.

CO2 Energy Transition (NASDAQ:NOEM - Get Free Report) last announced its quarterly earnings data on Friday, March 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On CO2 Energy Transition

Institutional investors have recently modified their holdings of the business. Clear Street Group Inc. bought a new stake in CO2 Energy Transition in the 3rd quarter worth about $110,000. Flow Traders U.S. LLC increased its holdings in CO2 Energy Transition by 11.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company's stock worth $151,000 after buying an additional 1,578 shares in the last quarter. Dakota Wealth Management increased its holdings in CO2 Energy Transition by 11.7% in the 4th quarter. Dakota Wealth Management now owns 28,550 shares of the company's stock worth $294,000 after buying an additional 3,000 shares in the last quarter. Radcliffe Capital Management L.P. bought a new stake in CO2 Energy Transition in the 3rd quarter worth about $308,000. Finally, Wolverine Asset Management LLC increased its holdings in CO2 Energy Transition by 295.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 55,583 shares of the company's stock worth $567,000 after buying an additional 41,542 shares in the last quarter.

CO2 Energy Transition Company Profile

CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company's mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.

Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.

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