LanzaTech Global (NASDAQ:LNZA) Shares Down 4.6%

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report)'s stock price traded down 4.6% on Thursday . The company traded as low as $2.92 and last traded at $2.92. 47,373 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 265,709 shares. The stock had previously closed at $3.06.

Wall Street Analyst Weigh In

LNZA has been the subject of several analyst reports. Roth Mkm reissued a "buy" rating and set a $6.00 price target on shares of LanzaTech Global in a research report on Monday, March 25th. Janney Montgomery Scott initiated coverage on shares of LanzaTech Global in a research report on Thursday, December 28th. They set a "buy" rating and a $10.00 price target for the company. Finally, Seaport Res Ptn reissued a "buy" rating on shares of LanzaTech Global in a research report on Friday, March 15th.

LanzaTech Global Trading Down 5.6 %

The firm has a market capitalization of $568.29 million, a PE ratio of -3.07 and a beta of 1.46. The company's 50-day simple moving average is $3.21 and its 200 day simple moving average is $3.98. The company has a quick ratio of 6.22, a current ratio of 6.22 and a debt-to-equity ratio of 0.17.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. LanzaTech Global had a negative net margin of 214.11% and a negative return on equity of 95.22%. The firm had revenue of $20.46 million for the quarter, compared to the consensus estimate of $36.50 million. As a group, sell-side analysts expect that LanzaTech Global, Inc. will post -0.43 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On LanzaTech Global

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in LanzaTech Global by 1,631.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,915,847 shares of the company's stock worth $27,627,000 after buying an additional 5,574,089 shares during the period. BlackRock Inc. acquired a new position in LanzaTech Global in the 2nd quarter worth approximately $14,197,000. Invesco Ltd. increased its holdings in LanzaTech Global by 14,760.6% in the 3rd quarter. Invesco Ltd. now owns 1,565,569 shares of the company's stock worth $7,311,000 after buying an additional 1,555,034 shares during the period. Dumac Inc. acquired a new position in LanzaTech Global in the 3rd quarter worth approximately $4,899,000. Finally, Geode Capital Management LLC acquired a new position in LanzaTech Global in the 2nd quarter worth approximately $5,914,000. 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.