LanzaTech Global (NASDAQ:LNZA) Stock Price Down 7.2% - Should You Sell?

Key Points

• LanzaTech Global's share price fell by 7.2%, trading as low as $20.61, with an average daily volume drop of 41% to approximately 14,054 shares.
• Analyst ratings have shifted, with several firms providing a "hold" rating, and the average price target for the stock currently stands at $2.00.
• The stock is set to undergo a 1-100 reverse split on August 20, which will alter the number of shares owned by shareholders.

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report) shares fell 7.2% during trading on Tuesday . The stock traded as low as $20.61 and last traded at $20.44. 14,054 shares changed hands during trading, a decline of 41% from the average session volume of 23,738 shares. The stock had previously closed at $22.01.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen downgraded LanzaTech Global from a "hold" rating to a "strong sell" rating in a research note on Friday. Roth Capital cut LanzaTech Global from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, LanzaTech Global currently has a consensus rating of "Hold" and an average target price of $200.00.

LanzaTech Global Stock Performance

The stock has a market capitalization of $51.55 million, a price-to-earnings ratio of -0.42 and a beta of 1.78. The company has a current ratio of 1.19, a quick ratio of 2.17 and a debt-to-equity ratio of 6.08. The firm has a 50-day moving average of $32.95 and a 200-day moving average of $37.57.

Institutional Investors Weigh In On LanzaTech Global

Institutional investors and hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in LanzaTech Global in the 2nd quarter worth approximately $27,000. SBI Securities Co. Ltd. lifted its stake in LanzaTech Global by 16,556.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company's stock valued at $41,000 after acquiring an additional 169,371 shares during the period. AQR Capital Management LLC boosted its holdings in shares of LanzaTech Global by 1,045.1% in 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 last quarter. Nuveen LLC acquired a new stake in shares of LanzaTech Global in the first quarter worth $49,000. Finally, XTX Topco Ltd increased 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 acquiring an additional 149,576 shares during the period. Institutional investors and hedge funds own 17.76% of the company's stock.

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.