LanzaTech Global (NASDAQ:LNZA) Trading Down 1.5% – Here’s Why

LanzaTech Global, Inc. (NASDAQ:LNZA)’s stock price traded down 1.5% on Thursday . The stock traded as low as $13.39 and last traded at $13.54. 4,569 shares were traded during trading, a decline of 30% from the average session volume of 6,482 shares. The stock had previously closed at $13.75.

Analyst Ratings Changes

A number of analysts have recently issued reports on LNZA shares. Zacks Research raised shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Roth Mkm dropped their target price on shares of LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Wall Street Zen raised LanzaTech Global from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.00.

LanzaTech Global Stock Down 1.5%

The company has a market capitalization of $31.41 million and a PE ratio of -0.58. The company’s 50 day moving average is $13.90 and its two-hundred day moving average is $22.40.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of ($12.42) by $13.41. LanzaTech Global had a negative net margin of 190.24% and a negative return on equity of 78,473.86%. The business had revenue of $9.28 million for the quarter, compared to analysts’ expectations of $10.20 million. Analysts forecast that LanzaTech Global, Inc. will post -0.66 EPS for the current year.

Institutional Trading of LanzaTech Global

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after acquiring an additional 168,247 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of LanzaTech Global by 77.9% in the second quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock valued at $82,000 after purchasing an additional 132,792 shares in the last quarter. XTX Topco Ltd increased its position in LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after purchasing an additional 149,576 shares during the last quarter. Marshall Wace LLP purchased a new stake in LanzaTech Global during the second quarter valued at $82,000. Finally, Qube Research & Technologies Ltd bought a new position in LanzaTech Global during the second quarter valued at $27,000. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.