LanzaTech Global (NASDAQ:LNZA) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• LanzaTech Global has been upgraded to a "hold" rating by analysts at Wall Street Zen, while Roth Capital downgraded its rating from "strong-buy" to "hold."
• The company's stock opened at $0.58 and has experienced significant fluctuation, with a 1-year low of $0.14 and a high of $2.74.
• In its latest quarterly earnings, LanzaTech reported a loss of ($0.10) EPS, surpassing estimates, but its revenue of $9.48 million fell short of expectations.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a report issued on Saturday.

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

LanzaTech Global Stock Performance

LNZA traded down $0.08 during midday trading on Friday, hitting $0.41. 2,399,042 shares of the company traded hands, compared to its average volume of 2,524,248. LanzaTech Global has a 52 week low of $0.14 and a 52 week high of $2.74. The firm has a market capitalization of $95.34 million, a PE ratio of -0.61 and a beta of 1.71. 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 company's 50-day moving average is $0.30 and its 200 day moving average is $0.48.

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, topping the consensus estimate of ($0.11) by $0.01. LanzaTech Global had a negative net margin of 269.20% and a negative return on equity of 562.88%. The company had revenue of $9.48 million during the quarter, compared to analyst estimates of $30.58 million. On average, research analysts expect that LanzaTech Global will post -0.66 EPS for the current year.

Hedge Funds Weigh In On LanzaTech Global

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in LanzaTech Global by 110.2% in the fourth quarter. JPMorgan Chase & Co. now owns 284,875 shares of the company's stock valued at $390,000 after purchasing an additional 149,345 shares during the last quarter. DnB Asset Management AS acquired a new stake in shares of LanzaTech Global during the fourth quarter worth about $467,000. Geode Capital Management LLC lifted its holdings in shares of LanzaTech Global by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,259,215 shares of the company's stock worth $3,096,000 after purchasing an additional 21,912 shares during the period. Wells Fargo & Company MN lifted its holdings in 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 acquiring an additional 17,804 shares during the period. Finally, Invesco Ltd. lifted its position in shares of LanzaTech Global by 47.1% during the 4th quarter. Invesco Ltd. now owns 4,264,525 shares of the company's stock valued at $5,842,000 after buying an additional 1,365,668 shares in the last quarter. Hedge funds and other institutional investors 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.