LanzaTech Global (NASDAQ:LNZA) Stock Price Up 2.9% – Still a Buy?

LanzaTech Global, Inc. (NASDAQ:LNZA)’s stock price traded up 2.9% during mid-day trading on Thursday . The company traded as high as $6.22 and last traded at $6.12. Approximately 53,888 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 253,528 shares. The stock had previously closed at $5.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of LanzaTech Global to a “hold” rating in a report on Saturday, May 2nd. Zacks Research raised shares of LanzaTech Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.00.

LanzaTech Global Stock Performance

The firm has a market cap of $61.75 million and a PE ratio of -6.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a 50-day moving average price of $9.73 and a 200 day moving average price of $13.62.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Thursday, May 14th. The company reported ($1.77) EPS for the quarter, beating the consensus estimate of ($2.88) by $1.11. LanzaTech Global had a negative return on equity of 1,268.15% and a negative net margin of 76.05%.The firm had revenue of $12.02 million during the quarter, compared to analyst estimates of $12.10 million. Research analysts forecast that LanzaTech Global, Inc. will post -3.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LNZA. DRW Securities LLC purchased a new position in shares of LanzaTech Global during the 4th quarter worth about $160,000. Jane Street Group LLC acquired a new stake in shares of LanzaTech Global in the second quarter worth approximately $230,000. Marshall Wace LLP purchased a new stake in LanzaTech Global in the second quarter valued at approximately $82,000. XTX Topco Ltd grew its holdings in LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after purchasing an additional 149,576 shares during the period. Finally, AQR Capital Management LLC increased its position in LanzaTech Global by 1,045.1% during the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock worth $45,000 after purchasing an additional 168,247 shares during the last quarter. Institutional investors and hedge funds own 17.76% of the company’s stock.

About LanzaTech Global

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.