Verde Clean Fuels, Inc. (NASDAQ:VGAS - Get Free Report)'s stock price was up 6.7% during trading on Thursday . The stock traded as high as $3.74 and last traded at $3.52. Approximately 5,811 shares traded hands during trading, a decline of 59% from the average daily volume of 14,223 shares. The stock had previously closed at $3.30.
Verde Clean Fuels Price Performance
The company has a market capitalization of $151.47 million, a P/E ratio of -6.80 and a beta of -0.49. The company has a fifty day moving average price of $3.40 and a 200 day moving average price of $3.74.
Verde Clean Fuels (NASDAQ:VGAS - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.08) EPS for the quarter.
Hedge Funds Weigh In On Verde Clean Fuels
Several institutional investors have recently made changes to their positions in VGAS. Northern Trust Corp grew its holdings in Verde Clean Fuels by 37.5% in the 4th quarter. Northern Trust Corp now owns 69,522 shares of the company's stock worth $283,000 after buying an additional 18,975 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Verde Clean Fuels in the 4th quarter worth approximately $62,000. Finally, JPMorgan Chase & Co. grew its holdings in Verde Clean Fuels by 107.6% in the 4th quarter. JPMorgan Chase & Co. now owns 12,492 shares of the company's stock worth $51,000 after buying an additional 6,476 shares in the last quarter. 15.61% of the stock is owned by institutional investors.
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.
Recommended Stories
Before you consider Verde Clean Fuels, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verde Clean Fuels wasn't on the list.
While Verde Clean Fuels currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
