Wall Street Zen Downgrades LanzaTech Global (NASDAQ:LNZA) to Strong Sell

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.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "strong sell" rating in a note issued to investors on Friday.

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

LanzaTech Global Trading Up 2.3%

Shares of LNZA stock opened at $22.22 on Friday. LanzaTech Global has a 12-month low of $14.01 and a 12-month high of $274.00. The company has a quick ratio of 2.17, a current ratio of 1.19 and a debt-to-equity ratio of 6.08. The business has a 50-day moving average price of $32.95 and a two-hundred day moving average price of $37.89. The firm has a market cap of $51.55 million, a P/E ratio of -0.42 and a beta of 1.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LNZA. JPMorgan Chase & Co. grew its holdings in shares of LanzaTech Global by 110.2% during the 4th quarter. JPMorgan Chase & Co. now owns 284,875 shares of the company's stock worth $390,000 after acquiring an additional 149,345 shares during the period. Geode Capital Management LLC grew its holdings in shares of LanzaTech Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 2,259,215 shares of the company's stock worth $3,096,000 after acquiring an additional 21,912 shares during the period. Wells Fargo & Company MN grew its holdings in shares of LanzaTech Global by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 56,235 shares of the company's stock worth $77,000 after acquiring an additional 17,804 shares during the period. Invesco Ltd. grew its holdings 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 worth $5,842,000 after acquiring an additional 1,365,668 shares during the period. Finally, Barclays PLC grew its holdings in shares of LanzaTech Global by 10.9% during the 4th quarter. Barclays PLC now owns 177,623 shares of the company's stock worth $244,000 after acquiring an additional 17,397 shares during the period. 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.

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