LanzaTech Global, Inc. (NASDAQ:LNZA – Get Free Report) has earned an average recommendation of “Moderate Buy” from the four research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.33.
Separately, TD Cowen initiated coverage on shares of LanzaTech Global in a research report on Tuesday, May 7th. They issued a “hold” rating and a $3.00 price target on the stock.
Read Our Latest Analysis on LNZA
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LanzaTech Global Price Performance
LNZA opened at $2.12 on Friday. The company has a fifty day moving average price of $2.14 and a two-hundred day moving average price of $2.92. The firm has a market capitalization of $419.19 million, a PE ratio of -4.33 and a beta of 1.56. LanzaTech Global has a 52 week low of $1.41 and a 52 week high of $8.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 6.89 and a current ratio of 6.89.
LanzaTech Global (NASDAQ:LNZA – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). LanzaTech Global had a negative return on equity of 79.28% and a negative net margin of 152.29%. The company had revenue of $10.24 million during the quarter, compared to the consensus estimate of $11.09 million. During the same quarter in the prior year, the business earned ($0.58) earnings per share. As a group, analysts anticipate that LanzaTech Global will post -0.42 earnings per share for the current year.
About LanzaTech Global
LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.
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