LanzaTech Global (NASDAQ:LNZA) Trading Down 1.8% – Here’s What Happened

LanzaTech Global, Inc. (NASDAQ:LNZA)’s stock price was down 1.8% during mid-day trading on Friday . The company traded as low as $5.96 and last traded at $6.12. 39,000 shares were traded during trading, a decline of 37% from the average session volume of 62,222 shares. The stock had previously closed at $6.23.

Analyst Ratings Changes

Several research firms recently commented on LNZA. Weiss Ratings upgraded shares of LanzaTech Global from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, August 14th. Zacks Research lowered shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, LanzaTech Global currently has an average rating of “Reduce” and an average target price of $14.00.

LanzaTech Global Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.48 and a quick ratio of 2.48. The business’s 50-day moving average price is $6.07 and its two-hundred day moving average price is $11.68. The firm has a market cap of $80.11 million and a price-to-earnings ratio of 0.41.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings results on Thursday, August 13th. The company reported $15.81 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.76) by $16.57. The firm had revenue of $9.01 million for the quarter, compared to analysts’ expectations of $13.10 million. LanzaTech Global had a net margin of 295.66% and a negative return on equity of 47.63%.

Institutional Trading of LanzaTech Global

Several hedge funds have recently made changes to their positions in LNZA. Jane Street Group LLC bought a new position in LanzaTech Global during the 2nd quarter worth $230,000. Marshall Wace LLP bought a new position in shares of LanzaTech Global during the second quarter worth about $82,000. XTX Topco Ltd increased its holdings in shares of LanzaTech Global by 380.5% in the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after acquiring an additional 149,576 shares during the period. AQR Capital Management LLC boosted its stake in LanzaTech Global by 1,045.1% during 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 during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of LanzaTech Global during the second quarter worth approximately $27,000. Institutional investors own 17.76% of the company’s stock.

About LanzaTech Global

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.