LanzaTech Global (NASDAQ:LNZA) Rating Lowered to Strong Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded LanzaTech Global (NASDAQ:LNZA) from a "hold" rating to a "strong sell" rating in an investor note issued on Friday.
• Roth Capital also lowered its rating for LanzaTech from "strong-buy" to "hold," indicating a general skepticism about the stock from multiple analysts.
• LanzaTech Global shares were trading at $22.22, with a 12-month low of $14.01 and high of $274.00, reflecting significant volatility in its stock performance.

Wall Street Zen cut shares of LanzaTech Global (NASDAQ:LNZA - Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Friday.

Separately, Roth Capital lowered LanzaTech Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $200.00.

LanzaTech Global Trading Down 3.5%

NASDAQ LNZA traded down $0.78 on Friday, reaching $21.47. The stock had a trading volume of 11,246 shares, compared to its average volume of 22,985. LanzaTech Global has a 12-month low of $14.01 and a 12-month high of $274.00. The stock has a fifty day moving average price of $32.48 and a two-hundred day moving average price of $36.38. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 6.08. The firm has a market capitalization of $49.81 million, a price-to-earnings ratio of -0.40 and a beta of 1.78.

Hedge Funds Weigh In On LanzaTech Global

A number of institutional investors and hedge funds have recently modified their holdings of LNZA. JPMorgan Chase & Co. grew its stake in shares of LanzaTech Global by 110.2% during the fourth quarter. JPMorgan Chase & Co. now owns 284,875 shares of the company's stock worth $390,000 after purchasing an additional 149,345 shares in the last quarter. Geode Capital Management LLC grew its stake 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 in the last quarter. Wells Fargo & Company MN grew its stake in shares of LanzaTech Global by 46.3% during the fourth quarter. Wells Fargo & Company MN now owns 56,235 shares of the company's stock worth $77,000 after purchasing an additional 17,804 shares in the last quarter. Invesco Ltd. grew its stake in shares of LanzaTech Global by 47.1% during the fourth quarter. Invesco Ltd. now owns 4,264,525 shares of the company's stock worth $5,842,000 after purchasing an additional 1,365,668 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of LanzaTech Global by 10.9% during the fourth quarter. Barclays PLC now owns 177,623 shares of the company's stock worth $244,000 after purchasing an additional 17,397 shares in the last quarter. Institutional investors and hedge funds own 17.76% of the company's stock.

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.