CO2 Energy Transition (NASDAQ:NOEM) Stock Price Up 0.1% – Still a Buy?

CO2 Energy Transition Corp. (NASDAQ:NOEM) shares were up 0.1% during trading on Tuesday . The company traded as high as $10.42 and last traded at $10.42. Approximately 266 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 9,160 shares. The stock had previously closed at $10.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CO2 Energy Transition in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CO2 Energy Transition Stock Performance

The company has a market cap of $99.93 million, a P/E ratio of 65.13 and a beta of 0.02. The stock has a 50-day moving average of $10.40 and a two-hundred day moving average of $10.35.

CO2 Energy Transition (NASDAQ:NOEM) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NOEM. Clear Street Group Inc. bought a new position in CO2 Energy Transition during the 3rd quarter valued at approximately $110,000. Flow Traders U.S. LLC increased its position in CO2 Energy Transition by 11.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after buying an additional 1,578 shares in the last quarter. Dakota Wealth Management increased its position in CO2 Energy Transition by 11.7% during the 4th quarter. Dakota Wealth Management now owns 28,550 shares of the company’s stock valued at $294,000 after buying an additional 3,000 shares in the last quarter. Radcliffe Capital Management L.P. bought a new position in CO2 Energy Transition during the 3rd quarter valued at approximately $308,000. Finally, Wolverine Asset Management LLC increased its position in CO2 Energy Transition by 30.9% during the 4th quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after buying an additional 17,196 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.