LanzaTech Global (NASDAQ:LNZA) Trading Down 5.6%

LanzaTech Global, Inc. (NASDAQ:LNZA) fell 5.6% during mid-day trading on Friday . The stock traded as low as $2.68 and last traded at $2.71. 142,990 shares were traded during mid-day 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

Several brokerages have recently issued reports on LNZA. Seaport Res Ptn reaffirmed a “buy” rating on shares of LanzaTech Global in a research note on Friday, March 15th. Roth Mkm reaffirmed a “buy” rating and issued a $6.00 target price on shares of LanzaTech Global in a research note on Monday, March 25th.

LanzaTech Global Stock Down 5.6 %

The firm’s 50 day moving average is $2.95 and its two-hundred day moving average is $3.84. The firm has a market cap of $532.90 million, a P/E ratio of -2.88 and a beta of 1.58. The company has a current ratio of 6.22, a quick ratio of 6.22 and a debt-to-equity ratio of 0.17.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $20.46 million for the quarter, compared to analyst estimates of $36.50 million. As a group, research analysts anticipate that LanzaTech Global, Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Freya Burton sold 50,225 shares of LanzaTech Global stock in a transaction that occurred on 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 owns 39,846 shares of the company’s stock, valued at approximately $129,101.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in LanzaTech Global by 1,631.0% in the third quarter. Vanguard Group Inc. now owns 5,915,847 shares of the company’s stock valued at $27,627,000 after buying an additional 5,574,089 shares in the last quarter. Invesco Ltd. lifted its stake in LanzaTech Global by 14,760.6% in the third quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock valued at $7,311,000 after buying an additional 1,555,034 shares in the last quarter. Van ECK Associates Corp bought a new position in LanzaTech Global in the third quarter valued at approximately $1,564,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in LanzaTech Global in the third quarter valued at approximately $780,000. Finally, Daiwa Securities Group Inc. bought a new position in LanzaTech Global in the fourth quarter valued at approximately $63,000. 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.