LanzaTech Global (NASDAQ:LNZA) Sees Large Volume Increase – What’s Next?

LanzaTech Global, Inc. (NASDAQ:LNZA) saw an uptick in trading volume on Thursday . 5,511,199 shares traded hands during mid-day trading, an increase of 1,028% from the previous session’s volume of 488,525 shares.The stock last traded at $2.59 and had previously closed at $1.60.

Wall Street Analyst Weigh In

Separately, TD Cowen decreased their target price on LanzaTech Global from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, November 11th.

LanzaTech Global Stock Up 61.9 %

The stock’s 50-day moving average price is $1.37 and its two-hundred day moving average price is $1.60. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 6.64. The stock has a market capitalization of $512.39 million, a P/E ratio of -3.99 and a beta of 1.42.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.16). LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. The firm had revenue of $9.94 million for the quarter, compared to the consensus estimate of $17.87 million. During the same period last year, the company posted ($0.13) earnings per share. As a group, research analysts expect that LanzaTech Global, Inc. will post -0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LanzaTech Global

A number of hedge funds and other institutional investors have recently bought and sold shares of LNZA. XTX Topco Ltd purchased a new position in shares of LanzaTech Global in the second quarter valued at $26,000. Principal Financial Group Inc. bought a new position in LanzaTech Global in the 2nd quarter worth about $28,000. Intech Investment Management LLC purchased a new position in LanzaTech Global during the 3rd quarter valued at about $29,000. SG Americas Securities LLC purchased a new position in LanzaTech Global during the 3rd quarter valued at about $72,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of LanzaTech Global during the second quarter valued at about $92,000. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.