LanzaTech Global (NASDAQ:LNZA – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($1.77) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.88) by $1.11, FiscalAI reports. The firm had revenue of $12.02 million during the quarter, compared to the consensus estimate of $12.10 million.
LanzaTech Global Price Performance
LanzaTech Global stock traded down $7.42 during trading hours on Friday, reaching $9.73. The stock had a trading volume of 376,052 shares, compared to its average volume of 36,187. The company has a market cap of $98.18 million and a price-to-earnings ratio of -10.03. The business’s 50 day moving average price is $20.97 and its 200-day moving average price is $16.25. LanzaTech Global has a 52 week low of $7.88 and a 52 week high of $71.19.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of LanzaTech Global in a research report on Tuesday, April 21st. Wall Street Zen raised LanzaTech Global to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research upgraded LanzaTech Global to a “hold” rating in a report on Wednesday, April 1st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $14.00.
Hedge Funds Weigh In On LanzaTech Global
A number of large investors have recently added to or reduced their stakes in LNZA. AQR Capital Management LLC raised its holdings in LanzaTech Global by 1,045.1% in 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 in the last quarter. XTX Topco Ltd raised 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 worth $51,000 after purchasing an additional 149,576 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of LanzaTech Global during the 2nd quarter valued at $82,000. Qube Research & Technologies Ltd purchased a new stake in shares of LanzaTech Global during the 2nd quarter valued at $27,000. Finally, Jane Street Group LLC purchased a new stake in shares of LanzaTech Global during the 2nd quarter valued at $230,000. 17.76% of the stock is currently owned by institutional investors.
LanzaTech Global Company Profile
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.
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