LanzaTech Global (NASDAQ:LNZA) Stock Jumps 1% – What’s Next?

LanzaTech Global, Inc. (NASDAQ:LNZA)’s stock price traded up 1% on Friday. The company traded as high as $6.15 and last traded at $6.03. Approximately 32,214 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 63,607 shares. The stock had previously closed at $5.97.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LNZA shares. Zacks Research downgraded shares of LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of LanzaTech Global from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, August 14th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $14.00.

LanzaTech Global Stock Up 1.0%

The stock’s fifty day moving average is $6.03 and its two-hundred day moving average is $11.36. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.06. The firm has a market cap of $78.93 million and a P/E ratio of 0.40.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Thursday, August 13th. The company reported $15.81 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.76) by $16.57. The company had revenue of $9.01 million during the quarter, compared to analyst estimates of $13.10 million. LanzaTech Global had a negative return on equity of 47.63% and a net margin of 295.66%.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon-recycling company that develops biological processes for converting waste carbon into useful fuels, chemicals and materials. Its technology uses gas fermentation to transform carbon-rich gases from sources such as industrial emissions, solid waste and biomass into ethanol and other chemical intermediates, providing an alternative to petroleum-based feedstocks.

The company’s platform is designed to support the production of sustainable aviation fuel, sustainable fuels, packaging materials and other products through downstream processing of ethanol and related outputs.