LanzaTech Global (NASDAQ:LNZA) Trading 2.5% Higher - Still a Buy?

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report) shares were up 2.5% during trading on Wednesday . The stock traded as high as $0.32 and last traded at $0.32. Approximately 880,641 shares traded hands during trading, a decline of 42% from the average daily volume of 1,524,484 shares. The stock had previously closed at $0.31.

Wall Street Analyst Weigh In

Separately, Roth Capital lowered LanzaTech Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 19th.

LanzaTech Global Stock Performance

The company has a market cap of $67.13 million, a price-to-earnings ratio of -0.43 and a beta of 1.71. The firm has a 50-day simple moving average of $0.26 and a 200 day simple moving average of $0.59. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 6.08.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last released its earnings results on Monday, May 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.01. The business had revenue of $9.48 million for the quarter, compared to analyst estimates of $30.58 million. LanzaTech Global had a negative return on equity of 562.88% and a negative net margin of 269.20%. On average, sell-side analysts predict that LanzaTech Global, Inc. will post -0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. DRW Securities LLC acquired a new position in shares of LanzaTech Global in the fourth quarter valued at approximately $30,000. Price T Rowe Associates Inc. MD increased its holdings in shares of LanzaTech Global by 45.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,253 shares of the company's stock valued at $72,000 after purchasing an additional 16,325 shares during the period. Wells Fargo & Company MN increased its holdings in shares of LanzaTech Global by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 56,235 shares of the company's stock valued at $77,000 after purchasing an additional 17,804 shares during the period. XTX Topco Ltd purchased a new stake in shares of LanzaTech Global in the fourth quarter valued at approximately $85,000. Finally, Millennium Management LLC boosted its stake in shares of LanzaTech Global by 95.0% in the fourth quarter. Millennium Management LLC now owns 88,261 shares of the company's stock valued at $121,000 after buying an additional 42,996 shares in the last quarter. 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.