LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report)'s share price traded down 7.1% during trading on Friday . The company traded as low as $3.11 and last traded at $3.12. 51,107 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 267,277 shares. The stock had previously closed at $3.36.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Roth Mkm reiterated a "buy" rating and issued a $6.00 target price on shares of LanzaTech Global in a report on Monday, March 25th. Seaport Res Ptn reiterated a "buy" rating on shares of LanzaTech Global in a report on Friday, March 15th. Finally, Janney Montgomery Scott assumed coverage on LanzaTech Global in a report on Thursday, December 28th. They issued a "buy" rating and a $10.00 target price for the company.
View Our Latest Report on LNZA
LanzaTech Global Price Performance
The company has a current ratio of 6.22, a quick ratio of 6.22 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $609.58 million, a P/E ratio of -3.30 and a beta of 1.46. The stock has a 50 day moving average of $3.26 and a 200-day moving average of $4.06.
LanzaTech Global (NASDAQ:LNZA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. The firm had revenue of $20.46 million during the quarter, compared to analyst estimates of $36.50 million. On average, equities research analysts anticipate that LanzaTech Global, Inc. will post -0.43 earnings per share for the current fiscal year.
Insider Buying and Selling
In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of LanzaTech Global 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 of the company's stock, valued at approximately $129,101.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Institutional Investors Weigh In On LanzaTech Global
A number of institutional investors and hedge funds have recently bought and sold shares of LNZA. ExodusPoint Capital Management LP bought a new stake in LanzaTech Global during the 1st quarter valued at $111,000. Bank of America Corp DE bought a new position in shares of LanzaTech Global in the 1st quarter worth $102,000. Squarepoint Ops LLC bought a new position in shares of LanzaTech Global in the 1st quarter worth $105,000. Sandia Investment Management LP bought a new position in shares of LanzaTech Global in the 1st quarter worth $76,000. Finally, Simon Quick Advisors LLC bought a new position in shares of LanzaTech Global in the 1st quarter worth $118,000. 17.76% of the stock is owned by institutional investors.
About LanzaTech Global
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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.
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