LanzaTech Global (NASDAQ:LNZA) Trading Down 4.6%

LanzaTech Global, Inc. (NASDAQ:LNZA) shares traded down 4.6% during trading on Thursday . The company traded as low as $2.92 and last traded at $2.92. 47,373 shares were traded during mid-day trading, a decline of 82% from the average session volume of 265,709 shares. The stock had previously closed at $3.06.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNZA. Roth Mkm reiterated a “buy” rating and set a $6.00 price target on shares of LanzaTech Global in a research report on Monday, March 25th. Janney Montgomery Scott began coverage on LanzaTech Global in a research report on Thursday, December 28th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of LanzaTech Global in a research report on Friday, March 15th.

LanzaTech Global Trading Down 1.0 %

The firm has a 50-day moving average price of $3.19 and a two-hundred day moving average price of $3.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.22 and a quick ratio of 6.22.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $20.46 million for the quarter, compared to the consensus estimate of $36.50 million. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. On average, research analysts predict that LanzaTech Global, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Activity at LanzaTech Global

In related news, insider Freya Burton sold 50,225 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total value of $162,729.00. Following the completion of the sale, the insider now owns 39,846 shares of the company’s stock, valued at $129,101.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On LanzaTech Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in shares of LanzaTech Global in the second quarter valued at approximately $28,000. Citigroup Inc. increased its holdings in shares of LanzaTech Global by 1,196.2% in the second quarter. Citigroup Inc. now owns 6,144 shares of the company’s stock valued at $42,000 after purchasing an additional 5,670 shares during the last quarter. California State Teachers Retirement System acquired a new stake in shares of LanzaTech Global in the second quarter valued at approximately $47,000. Wells Fargo & Company MN acquired a new stake in shares of LanzaTech Global in the second quarter valued at approximately $62,000. Finally, Deutsche Bank AG increased its holdings in shares of LanzaTech Global by 544.3% in the third quarter. Deutsche Bank AG now owns 10,869 shares of the company’s stock valued at $51,000 after purchasing an additional 9,182 shares during the last quarter. Institutional investors and hedge funds own 17.76% of the company’s stock.

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.