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

LanzaTech Global, Inc. (NASDAQ:LNZA)’s share price dropped 1.8% on Friday . The company traded as low as $5.96 and last traded at $6.12. Approximately 39,000 shares were traded 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

A number of analysts have weighed in on LNZA shares. Zacks Research cut shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded LanzaTech Global from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $14.00.

LanzaTech Global Stock Down 1.8%

The stock has a market capitalization of $80.11 million and a price-to-earnings ratio of 0.41. 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 50 day moving average price of $6.07 and a 200 day moving average price of $11.68.

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

Hedge Funds Weigh In On LanzaTech Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in LNZA. DRW Securities LLC bought a new position in shares of LanzaTech Global during the fourth quarter valued at $160,000. Qube Research & Technologies Ltd bought a new stake in shares of LanzaTech Global in the second quarter worth $27,000. XTX Topco Ltd grew its stake in shares of LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after purchasing an additional 149,576 shares during the last quarter. AQR Capital Management LLC increased its holdings in LanzaTech Global by 1,045.1% in the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after purchasing an additional 168,247 shares during the period. Finally, Marshall Wace LLP acquired a new stake in LanzaTech Global in the second quarter valued at $82,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

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.