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

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) released its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share for the quarter, meeting the consensus estimate of ($0.15), Zacks reports. LanzaTech Global had a negative return on equity of 78,473.86% and a negative net margin of 335.85%.The business had revenue of $9.08 million for the quarter, compared to analyst estimates of $9.00 million.

LanzaTech Global Price Performance

Shares of LNZA traded up $0.51 during trading hours on Friday, reaching $22.22. The stock had a trading volume of 14,402 shares, compared to its average volume of 28,381. LanzaTech Global has a 12 month low of $14.01 and a 12 month high of $274.00. The stock has a market capitalization of $51.55 million, a PE ratio of -0.42 and a beta of 1.78. The company has a debt-to-equity ratio of 6.08, a quick ratio of 2.17 and a current ratio of 1.19. The company's 50-day moving average is $32.95 and its two-hundred day moving average is $37.32.

Wall Street Analysts Forecast Growth

LNZA has been the subject of a number of research reports. Roth Capital cut shares of LanzaTech Global from a "strong-buy" rating to a "hold" rating in a report on Monday, May 19th. Wall Street Zen lowered shares of LanzaTech Global from a "hold" rating to a "strong sell" rating in a report on Friday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $200.00.

Institutional Trading of LanzaTech Global

A number of institutional investors and hedge funds have recently bought and sold shares of LNZA. 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. XTX Topco Ltd increased its holdings in LanzaTech Global by 380.5% in the second 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 period. Marshall Wace LLP acquired a new stake in LanzaTech Global in the second quarter valued at $82,000. Qube Research & Technologies Ltd acquired a new stake in LanzaTech Global in the second quarter valued at $27,000. Finally, Jane Street Group LLC acquired a new stake in LanzaTech Global in the second quarter valued at $230,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

LanzaTech Global Company Profile

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.