LanzaTech Global, Inc. (NASDAQ:LNZA – Get Free Report) dropped 1% during mid-day trading on Wednesday. The company traded as low as $4.84 and last traded at $5.00. 77,966 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 50,429 shares. The stock had previously closed at $5.05.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on LNZA shares. Weiss Ratings raised LanzaTech Global from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, August 14th. Zacks Research lowered LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $14.00.
Get Our Latest Research Report on LNZA
LanzaTech Global Stock Performance
The firm’s fifty day simple moving average is $5.89 and its 200 day simple moving average is $9.83. The company has a market capitalization of $62.96 million, a price-to-earnings ratio of 0.32 and a beta of -1.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.48 and a quick ratio of 2.48.
LanzaTech Global (NASDAQ:LNZA – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $15.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.76) by $16.57. The business had revenue of $9.01 million for the quarter, compared to analyst estimates of $13.10 million. LanzaTech Global had a net margin of 295.66% and a negative return on equity of 47.63%.
LanzaTech Global Company Profile
LanzaTech Global, Inc is a carbon-recycling company that develops biological processes for converting waste carbon into useful fuels, chemicals and materials. Its technology uses engineered microorganisms in a fermentation process to transform carbon-rich industrial emissions, such as steel mill off-gases, into products including ethanol and other chemical intermediates.
The company’s platform is designed to help industrial facilities and other partners reduce reliance on fossil-based feedstocks while producing lower-carbon alternatives.
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