LanzaTech Global (NASDAQ:LNZA) Trading Down 1.8% – What’s Next?

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) were down 1.8% during trading on Friday . The company traded as low as $5.96 and last traded at $6.12. 39,000 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 62,222 shares. The stock had previously closed at $6.23.

Analyst Ratings Changes

LNZA has been the subject of several recent analyst reports. Zacks Research cut shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of LanzaTech Global from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, August 14th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $14.00.

LanzaTech Global Stock Down 1.8%

The firm has a 50 day simple moving average of $6.07 and a two-hundred day simple moving average of $11.68. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $80.11 million and a P/E ratio of 0.41.

LanzaTech Global (NASDAQ:LNZA) last issued its earnings results on Thursday, August 13th. The company reported $15.81 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.76) by $16.57. LanzaTech Global had a negative return on equity of 47.63% and a net margin of 295.66%.The firm had revenue of $9.01 million for the quarter, compared to the consensus estimate of $13.10 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. DRW Securities LLC acquired a new position in LanzaTech Global during the fourth quarter worth about $160,000. Jane Street Group LLC acquired a new stake in shares of LanzaTech Global in the 2nd quarter valued at approximately $230,000. Qube Research & Technologies Ltd acquired a new stake in shares of LanzaTech Global in the 2nd quarter valued at approximately $27,000. Marshall Wace LLP acquired a new stake in shares of LanzaTech Global in the 2nd quarter valued at approximately $82,000. Finally, XTX Topco Ltd grew its holdings in shares of LanzaTech Global by 380.5% during the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after purchasing an additional 149,576 shares during the last quarter. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.