LanzaTech Global (NASDAQ:LNZA) Shares Down 5.6%

LanzaTech Global, Inc. (NASDAQ:LNZA) fell 5.6% during mid-day trading on Friday . The company traded as low as $2.68 and last traded at $2.71. 142,990 shares were traded during trading, a decline of 49% from the average session volume of 278,787 shares. The stock had previously closed at $2.87.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LNZA shares. Roth Mkm restated a “buy” rating and set a $6.00 price objective on shares of LanzaTech Global in a research report on Monday, March 25th. Seaport Res Ptn reiterated a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th.

LanzaTech Global Stock Down 5.6 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.22 and a current ratio of 6.22. The company has a market capitalization of $532.89 million, a PE ratio of -2.88 and a beta of 1.58. The company’s fifty day moving average is $2.95 and its 200-day moving average is $3.85.

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

Insider Transactions at LanzaTech Global

In related news, insider Freya Burton sold 50,225 shares of LanzaTech Global stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $3.24, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of LanzaTech Global

A number of institutional investors and hedge funds have recently bought and sold shares of LNZA. Green Alpha Advisors LLC increased its holdings in shares of LanzaTech Global by 3.2% in the first quarter. Green Alpha Advisors LLC now owns 119,559 shares of the company’s stock worth $370,000 after purchasing an additional 3,687 shares during the last quarter. Barclays PLC raised its stake in LanzaTech Global by 119.5% during the third quarter. Barclays PLC now owns 8,991 shares of the company’s stock valued at $42,000 after purchasing an additional 4,895 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in LanzaTech Global during the fourth quarter valued at $63,000. Prime Capital Investment Advisors LLC bought a new stake in shares of LanzaTech Global in the 3rd quarter worth about $71,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of LanzaTech Global during the 3rd quarter valued at about $72,000. 17.76% of the stock is currently owned by institutional investors.

About LanzaTech Global

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.