LanzaTech Global (NASDAQ:LNZA) Trading Up 5.1%

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) rose 5.1% during mid-day trading on Tuesday . The company traded as high as $3.33 and last traded at $3.31. Approximately 27,519 shares changed hands during trading, a decline of 89% from the average daily volume of 245,385 shares. The stock had previously closed at $3.15.

Analyst Ratings Changes

A number of brokerages recently commented on LNZA. Seaport Res Ptn reaffirmed a “buy” rating on shares of LanzaTech Global in a research report on Friday, March 15th. Janney Montgomery Scott began coverage on LanzaTech Global in a report on Thursday, December 28th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $6.00 price objective on shares of LanzaTech Global in a research note on Monday.

LanzaTech Global Trading Down 8.5 %

The company has a quick ratio of 6.22, a current ratio of 6.22 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $3.55 and a 200 day moving average price of $4.37. The stock has a market capitalization of $593.85 million, a PE ratio of -3.21 and a beta of 1.48.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. The business had revenue of $20.46 million during the quarter, compared to the consensus estimate of $36.50 million. Equities analysts expect that LanzaTech Global, Inc. will post -0.43 EPS for the current fiscal year.

Insider Activity at LanzaTech Global

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

Hedge Funds Weigh In On LanzaTech Global

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in shares of LanzaTech Global during the 2nd quarter worth approximately $28,000. Citigroup Inc. grew its stake in shares of LanzaTech Global by 1,196.2% during the 2nd quarter. Citigroup Inc. now owns 6,144 shares of the company’s stock worth $42,000 after acquiring an additional 5,670 shares during the period. California State Teachers Retirement System bought a new position in shares of LanzaTech Global during the 2nd quarter worth $47,000. Wells Fargo & Company MN purchased a new stake in LanzaTech Global in the 2nd quarter worth about $62,000. Finally, Deutsche Bank AG raised its stake in LanzaTech Global by 544.3% in the 3rd quarter. Deutsche Bank AG now owns 10,869 shares of the company’s stock valued at $51,000 after acquiring an additional 9,182 shares during the period. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Company Profile

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.