LanzaTech Global (NASDAQ:LNZA) Issues Quarterly Earnings Results

LanzaTech Global (NASDAQ:LNZA - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01), Zacks reports. LanzaTech Global had a negative net margin of 214.11% and a negative return on equity of 95.22%. The business had revenue of $10.24 million during the quarter, compared to the consensus estimate of $11.09 million. During the same quarter last year, the company posted ($0.58) EPS. LanzaTech Global updated its FY 2024 guidance to EPS.

LanzaTech Global Stock Performance

LNZA stock remained flat at $2.45 during trading hours on Friday. The company's stock had a trading volume of 440,841 shares, compared to its average volume of 299,047. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.22 and a quick ratio of 6.22. The firm has a market cap of $481.77 million, a price-to-earnings ratio of -2.61 and a beta of 1.58. The firm has a 50 day moving average price of $2.88 and a 200-day moving average price of $3.78. LanzaTech Global has a 1 year low of $1.86 and a 1 year high of $8.70.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LNZA shares. TD Cowen started coverage on LanzaTech Global in a research note on Tuesday. They issued a "hold" rating and a $3.00 price target on the stock. Roth Mkm restated a "buy" rating and issued a $6.00 price target on shares of LanzaTech Global in a research note on Monday, March 25th. Finally, Seaport Res Ptn reiterated a "buy" rating on shares of LanzaTech Global in a research report on Friday, March 15th.

Insiders Place Their Bets

In related news, insider Freya Burton sold 50,225 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total transaction of $162,729.00. Following the completion of the sale, the insider now directly owns 39,846 shares in the company, valued at approximately $129,101.04. The sale was disclosed in a filing with the SEC, which is available through this link.

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.