LanzaTech Global (NASDAQ:LNZA) Shares Up 2.9% – Should You Buy?

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) were up 2.9% during trading on Thursday . The company traded as high as $6.22 and last traded at $6.12. 53,888 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 253,528 shares. The stock had previously closed at $5.95.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LNZA shares. Zacks Research upgraded shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of LanzaTech Global in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded LanzaTech Global to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.00.

LanzaTech Global Price Performance

The business’s 50 day moving average is $9.36 and its two-hundred day moving average is $13.56. The firm has a market capitalization of $57.82 million and a PE ratio of -5.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.96 and a quick ratio of 1.96.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Thursday, May 14th. The company reported ($1.77) EPS for the quarter, topping analysts’ consensus estimates of ($2.88) by $1.11. The business had revenue of $12.02 million during the quarter, compared to analysts’ expectations of $12.10 million. LanzaTech Global had a negative net margin of 76.05% and a negative return on equity of 1,268.15%. As a group, research analysts anticipate that LanzaTech Global, Inc. will post -3.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in LanzaTech Global during the second quarter worth about $230,000. DRW Securities LLC purchased a new position in shares of LanzaTech Global in the 4th quarter worth about $160,000. Marshall Wace LLP bought a new position in shares of LanzaTech Global during the 2nd quarter valued at about $82,000. XTX Topco Ltd increased its position in shares of LanzaTech Global by 380.5% during the 2nd 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 last quarter. Finally, 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 valued at $45,000 after buying an additional 168,247 shares in the last quarter. 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.