LanzaTech Global (NASDAQ:LNZA) Rating Lowered to Hold at Zacks Research

LanzaTech Global (NASDAQ:LNZA) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen raised LanzaTech Global to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $14.00.

LanzaTech Global Stock Down 1.2%

NASDAQ:LNZA opened at $5.75 on Monday. The company’s 50-day simple moving average is $8.65 and its 200-day simple moving average is $13.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.96 and a current ratio of 1.96. LanzaTech Global has a fifty-two week low of $5.02 and a fifty-two week high of $71.19. The stock has a market capitalization of $58.02 million and a P/E ratio of -5.93.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd purchased a new position in shares of LanzaTech Global in the second quarter worth $27,000. AQR Capital Management LLC grew its holdings in shares of LanzaTech Global by 1,045.1% during the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after buying an additional 168,247 shares during the last quarter. XTX Topco Ltd increased its position in shares of LanzaTech Global by 380.5% in the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock valued at $51,000 after acquiring an additional 149,576 shares during the period. Marshall Wace LLP acquired a new position in shares of LanzaTech Global in the 2nd quarter valued at $82,000. Finally, DRW Securities LLC purchased a new position in LanzaTech Global in the 4th quarter worth $160,000. 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.