LanzaTech Global (NASDAQ:LNZA – Get Free Report) posted its earnings results on Thursday. The company reported $15.81 EPS for the quarter, topping the consensus estimate of ($0.76) by $16.57, FiscalAI reports. The business had revenue of $9.01 million during the quarter, compared to analysts’ expectations of $13.10 million. LanzaTech Global had a negative return on equity of 1,268.15% and a negative net margin of 76.05%.
LanzaTech Global Price Performance
LNZA traded up $0.13 during trading on Friday, reaching $6.34. The stock had a trading volume of 103,956 shares, compared to its average volume of 69,522. The business has a 50-day moving average of $6.06 and a 200-day moving average of $12.18. LanzaTech Global has a one year low of $5.02 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market cap of $63.96 million and a PE ratio of -6.54.
Analysts Set New Price Targets
A number of analysts have recently issued reports on LNZA shares. Zacks Research downgraded LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings restated a “sell (e+)” rating on shares of LanzaTech Global in a research report on Friday, July 17th. Finally, Wall Street Zen raised shares of LanzaTech Global to a “hold” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $14.00.
Hedge Funds Weigh In On LanzaTech Global
Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after purchasing an additional 168,247 shares during the last quarter. XTX Topco Ltd lifted its position in LanzaTech Global by 380.5% in the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after buying an additional 149,576 shares during the last quarter. Marshall Wace LLP purchased a new stake in LanzaTech Global in the second quarter worth approximately $82,000. Qube Research & Technologies Ltd purchased a new stake in LanzaTech Global in the second quarter worth approximately $27,000. Finally, Jane Street Group LLC purchased a new stake in LanzaTech Global in the second quarter worth approximately $230,000. 17.76% of the stock is currently owned by hedge funds and other 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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