LanzaTech Global (NASDAQ:LNZA) Shares Down 6.1% – Should You Sell?

LanzaTech Global, Inc. (NASDAQ:LNZA)’s stock price was down 6.1% on Thursday . The company traded as low as $0.28 and last traded at $0.30. Approximately 695,926 shares traded hands during trading, a decline of 53% from the average daily volume of 1,482,104 shares. The stock had previously closed at $0.32.

Analysts Set New Price Targets

LNZA has been the subject of a number of analyst reports. Janney Montgomery Scott downgraded shares of LanzaTech Global from a “buy” rating to a “neutral” rating in a research report on Thursday, March 13th. Roth Capital cut shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 19th.

LanzaTech Global Price Performance

The company has a market cap of $68.80 million, a price-to-earnings ratio of -0.46 and a beta of 1.74. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 6.64. The company’s 50 day moving average price is $0.23 and its 200 day moving average price is $0.71.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Monday, May 19th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. The company had revenue of $9.48 million during the quarter, compared to analysts’ expectations of $30.58 million. Equities research analysts forecast that LanzaTech Global, Inc. will post -0.66 earnings per share for the current year.

Hedge Funds Weigh In On LanzaTech Global

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of LanzaTech Global by 1,045.1% in the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after purchasing an additional 168,247 shares in the last quarter. Nuveen LLC purchased a new position in shares of LanzaTech Global in the 1st quarter valued at about $49,000. SBI Securities Co. Ltd. increased its holdings in shares of LanzaTech Global by 16,556.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company’s stock valued at $41,000 after purchasing an additional 169,371 shares in the last quarter. Millennium Management LLC increased its holdings in shares of LanzaTech Global by 95.0% in the 4th quarter. Millennium Management LLC now owns 88,261 shares of the company’s stock valued at $121,000 after purchasing an additional 42,996 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of LanzaTech Global by 47.2% in the 4th quarter. Bank of America Corp DE now owns 93,807 shares of the company’s stock valued at $129,000 after purchasing an additional 30,066 shares in the last quarter. Hedge funds and other institutional investors 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.