LanzaTech Global (NASDAQ:LNZA) Announces Earnings Results

LanzaTech Global (NASDAQ:LNZA) posted its quarterly earnings results on Thursday. The company reported ($1.77) EPS for the quarter, topping analysts’ consensus estimates of ($2.88) by $1.11, FiscalAI reports. The company had revenue of $12.02 million during the quarter, compared to analyst estimates of $12.10 million.

LanzaTech Global Stock Performance

LNZA stock traded down $7.42 during mid-day trading on Friday, hitting $9.73. The company had a trading volume of 376,052 shares, compared to its average volume of 36,187. The stock’s fifty day moving average price is $20.97 and its two-hundred day moving average price is $16.25. LanzaTech Global has a 12 month low of $7.88 and a 12 month high of $71.19. The firm has a market cap of $98.18 million and a PE ratio of -10.03.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of LanzaTech Global to a “hold” rating in a report on Wednesday, April 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of LanzaTech Global to a “hold” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $14.00.

Institutional Trading of LanzaTech Global

Hedge funds and other institutional investors have recently modified their holdings of the business. DRW Securities LLC bought a new stake in shares of LanzaTech Global in the fourth quarter valued at approximately $160,000. Qube Research & Technologies Ltd bought a new stake in shares of LanzaTech Global in the second quarter valued at approximately $27,000. AQR Capital Management LLC raised its position in shares of LanzaTech Global by 1,045.1% in the first 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 during the period. XTX Topco Ltd raised its position in shares of LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after purchasing an additional 149,576 shares during the period. Finally, Marshall Wace LLP purchased a new position in LanzaTech Global during the second quarter valued at approximately $82,000. 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.