CO2 Energy Transition (NASDAQ:NOEM) Issues Quarterly Earnings Results

CO2 Energy Transition (NASDAQ:NOEM) issued its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

CO2 Energy Transition Stock Performance

NASDAQ:NOEM traded down $0.02 on Friday, reaching $10.22. The company’s stock had a trading volume of 207 shares, compared to its average volume of 2,569. CO2 Energy Transition has a 1-year low of $9.78 and a 1-year high of $10.78. The business’s 50-day moving average price is $10.20 and its two-hundred day moving average price is $10.11. The firm has a market cap of $98.01 million and a PE ratio of 255.50.

Institutional Trading of CO2 Energy Transition

A number of large investors have recently bought and sold shares of NOEM. Clear Street LLC acquired a new stake in CO2 Energy Transition during the 2nd quarter worth approximately $108,000. Wolverine Asset Management LLC acquired a new stake in shares of CO2 Energy Transition during the second quarter worth $141,000. Dakota Wealth Management acquired a new stake in shares of CO2 Energy Transition during the second quarter worth $257,000. Radcliffe Capital Management L.P. bought a new stake in CO2 Energy Transition in the 3rd quarter valued at $308,000. Finally, Karpus Management Inc. boosted its stake in CO2 Energy Transition by 8.6% in the 2nd quarter. Karpus Management Inc. now owns 783,521 shares of the company’s stock worth $7,890,000 after purchasing an additional 62,275 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CO2 Energy Transition in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, CO2 Energy Transition presently has a consensus rating of “Sell”.

CO2 Energy Transition Company Profile

CO2 Energy Transition Corp., a Delaware corporation, is a blank check company incorporated on September 30, 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.