LanzaTech Global (NASDAQ:LNZA) Trading Down 4.6%

LanzaTech Global, Inc. (NASDAQ:LNZA) shares dropped 4.6% during trading on Thursday . The company traded as low as $2.92 and last traded at $2.92. Approximately 47,373 shares were traded during trading, a decline of 82% from the average daily volume of 265,709 shares. The stock had previously closed at $3.06.

Analyst Ratings Changes

LNZA has been the topic of a number of research analyst reports. Seaport Res Ptn reiterated a “buy” rating on shares of LanzaTech Global in a research report on Friday, March 15th. Roth Mkm reiterated a “buy” rating and set a $6.00 target price on shares of LanzaTech Global in a research report on Monday, March 25th. Finally, Janney Montgomery Scott started coverage on LanzaTech Global in a report on Thursday, December 28th. They set a “buy” rating and a $10.00 price target on the stock.

LanzaTech Global Stock Performance

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 stock has a fifty day moving average of $3.21 and a 200-day moving average of $3.98. The stock has a market cap of $568.29 million, a PE ratio of -3.03 and a beta of 1.46.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $20.46 million for the quarter, compared to analyst estimates of $36.50 million. On average, equities analysts forecast that LanzaTech Global, Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling at LanzaTech Global

In other LanzaTech Global 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 value 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 is available through the SEC website.

Institutional Investors Weigh In On LanzaTech Global

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

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.