LanzaTech Global (NASDAQ:LNZA) Trading 4.7% Higher

LanzaTech Global, Inc. (NASDAQ:LNZAGet Free Report) rose 4.7% during mid-day trading on Wednesday . The company traded as high as $3.13 and last traded at $3.13. Approximately 58,128 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 274,848 shares. The stock had previously closed at $2.99.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Roth Mkm restated a “buy” rating and issued a $6.00 price objective on shares of LanzaTech Global in a research note on Monday, March 25th. Janney Montgomery Scott assumed coverage on shares of LanzaTech Global in a research note on Thursday, December 28th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, Seaport Res Ptn restated a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th.

Check Out Our Latest Analysis on LanzaTech Global

LanzaTech Global Stock Up 1.7 %

The company’s 50 day moving average is $3.45 and its 200 day moving average is $4.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.22 and a current ratio of 6.22.

LanzaTech Global (NASDAQ:LNZAGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $20.46 million during the quarter, compared to analysts’ expectations of $36.50 million. LanzaTech Global had a negative net margin of 214.11% and a negative return on equity of 95.22%. As a group, analysts forecast that LanzaTech Global, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at LanzaTech Global

In other news, insider Freya Burton sold 50,225 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total value of $162,729.00. Following the sale, the insider now owns 39,846 shares of the company’s stock, valued at approximately $129,101.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On LanzaTech Global

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of LanzaTech Global by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,962,096 shares of the company’s stock worth $29,989,000 after purchasing an additional 46,249 shares during the last quarter. BlackRock Inc. acquired a new stake in LanzaTech Global in the 2nd quarter valued at about $14,197,000. Invesco Ltd. increased its position in LanzaTech Global by 14,760.6% in the 3rd quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock valued at $7,311,000 after acquiring an additional 1,555,034 shares in the last quarter. Dumac Inc. acquired a new stake in LanzaTech Global in the 3rd quarter valued at about $4,899,000. Finally, Geode Capital Management LLC bought a new position in shares of LanzaTech Global in the 2nd quarter valued at about $5,914,000. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Company Profile

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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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