LanzaTech Global (LNZA) Expected to Announce Quarterly Earnings on Thursday

LanzaTech Global (NASDAQ:LNZA) is expected to post its results before the market opens on Thursday, March 5th. Analysts expect LanzaTech Global to post earnings of ($6.47) per share and revenue of $12.20 million for the quarter.

LanzaTech Global Stock Performance

LanzaTech Global stock traded up $0.06 during midday trading on Wednesday, reaching $9.38. 2,107 shares of the company’s stock were exchanged, compared to its average volume of 8,164. The stock’s 50-day simple moving average is $11.81 and its 200 day simple moving average is $16.99. The firm has a market cap of $21.76 million and a price-to-earnings ratio of -0.41. LanzaTech Global has a 52 week low of $7.88 and a 52 week high of $79.46.

Insider Activity at LanzaTech Global

In other news, major shareholder Of New Zealand Super Guardians purchased 860,000 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was bought at an average price of $5.00 per share, with a total value of $4,300,000.00. Following the acquisition, the insider owned 1,192,634 shares in the company, valued at approximately $5,963,170. The trade was a 258.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

Institutional Trading of LanzaTech Global

Several institutional investors and hedge funds have recently modified their holdings of LNZA. DRW Securities LLC acquired a new position in shares of LanzaTech Global during the fourth quarter worth $160,000. Qube Research & Technologies Ltd acquired a new position in shares of LanzaTech Global in the second quarter valued at approximately $27,000. XTX Topco Ltd raised its stake in shares of LanzaTech Global by 380.5% during the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after acquiring an additional 149,576 shares during the last quarter. AQR Capital Management LLC raised its position 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 worth $45,000 after purchasing an additional 168,247 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of LanzaTech Global in the second quarter worth approximately $82,000. 17.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LNZA has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a report on Thursday, January 22nd. Roth Mkm decreased their price objective on shares of LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Zacks Research raised shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of LanzaTech Global from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

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.