Verde Clean Fuels (NASDAQ:VGAS) Shares Up 10% - Still a Buy?

Key Points

• Verde Clean Fuels' stock experienced a significant increase of 10%, trading at $3.07, although this was accompanied by a decline in trading volume by 26% compared to the average.
• Despite the recent uptick in share price, Weiss Ratings has maintained a "sell" rating on the stock, which currently holds an average rating of "Sell" according to MarketBeat.com.
• An institutional investor, Creative Planning, recently acquired a new position in Verde Clean Fuels, purchasing over 10,000 shares valued at approximately $34,000.

Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report)'s stock price shot up 10% on Monday . The stock traded as high as $3.07 and last traded at $3.07. 4,616 shares were traded during mid-day trading, a decline of 26% from the average session volume of 6,210 shares. The stock had previously closed at $2.79.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Verde Clean Fuels in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".

Verde Clean Fuels Price Performance

The firm has a market cap of $136.77 million, a PE ratio of -7.49 and a beta of -0.46. The firm has a 50-day simple moving average of $2.93 and a 200 day simple moving average of $3.22.

Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.07) EPS for the quarter.

Hedge Funds Weigh In On Verde Clean Fuels

An institutional investor recently bought a new position in Verde Clean Fuels stock. Creative Planning purchased a new position in Verde Clean Fuels, Inc. (NASDAQ:VGAS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,001 shares of the company's stock, valued at approximately $34,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.