LanzaTech Global (NASDAQ:LNZA) Posts Quarterly Earnings Results, Meets Estimates

Key Points

• LanzaTech Global reported quarterly earnings of ($0.15) per share, meeting analyst estimates, while facing significant financial challenges with a negative net margin of 269.20% and a return on equity of -562.88%.
• Shares of LanzaTech Global are set to undergo a 1-for-100 reverse stock split before the market opens on August 20th, resulting in a significant adjustment to shareholder equity.
• The stock currently holds an average rating of "Hold" from analysts, with an average target price of $2.00, reflecting cautious sentiment towards its future performance.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.15) earnings per share for the quarter, hitting the consensus estimate of ($0.15), Zacks reports. LanzaTech Global had a negative net margin of 269.20% and a negative return on equity of 562.88%.

LanzaTech Global Stock Performance

Shares of LNZA stock traded down $2.29 during trading on Tuesday, reaching $19.72. 82,239 shares of the company's stock were exchanged, compared to its average volume of 24,192. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 6.08. The stock has a market capitalization of $4.57 billion, a PE ratio of -29.43 and a beta of 1.78. LanzaTech Global has a twelve month low of $14.01 and a twelve month high of $274.00. The firm's fifty day moving average price is $0.34 and its 200-day moving average price is $0.39.

Shares of LanzaTech Global are going to reverse split before the market opens on Wednesday, August 20th. The 1-100 reverse split was announced on Friday, August 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, August 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LNZA. Jane Street Group LLC acquired a new position in LanzaTech Global in the 2nd quarter valued at $230,000. Marshall Wace LLP acquired a new position in LanzaTech Global in the 2nd quarter valued at $82,000. AQR Capital Management LLC lifted its position in shares of LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company's stock valued at $45,000 after acquiring an additional 168,247 shares during the period. XTX Topco Ltd lifted its position 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 acquiring an additional 149,576 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of LanzaTech Global during the 2nd quarter valued at $27,000. 17.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen raised LanzaTech Global to a "hold" rating in a research report on Saturday, July 26th. Roth Capital lowered LanzaTech Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, LanzaTech Global presently has an average rating of "Hold" and an average target price of $2.00.

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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