LanzaTech Global (NASDAQ:LNZA) Stock Price Up 11.3%

LanzaTech Global, Inc. (NASDAQ:LNZA) was up 11.3% during trading on Thursday . The stock traded as high as $2.67 and last traded at $2.66. Approximately 229,963 shares were traded during trading, a decline of 17% from the average daily volume of 275,861 shares. The stock had previously closed at $2.39.

Wall Street Analyst Weigh In

LNZA has been the subject of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $6.00 price target on shares of LanzaTech Global in a research report on Monday, March 25th. Seaport Res Ptn reissued a “buy” rating on shares of LanzaTech Global in a research report on Friday, March 15th.

LanzaTech Global Price Performance

The company has a market cap of $564.36 million, a PE ratio of -2.72 and a beta of 1.58. The stock has a fifty day moving average price of $2.98 and a 200-day moving average price of $3.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.22 and a quick ratio of 6.22.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. The firm had revenue of $20.46 million during the quarter, compared to the consensus estimate of $36.50 million. On average, equities analysts expect that LanzaTech Global, Inc. will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total value of $162,729.00. Following the transaction, the insider now owns 39,846 shares in the company, valued at approximately $129,101.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its stake in shares of LanzaTech Global by 119.5% in the 3rd quarter. Barclays PLC now owns 8,991 shares of the company’s stock valued at $42,000 after buying an additional 4,895 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in LanzaTech Global in the fourth quarter worth approximately $63,000. Prime Capital Investment Advisors LLC acquired a new position in shares of LanzaTech Global during the 3rd quarter worth $71,000. Pathstone Family Office LLC bought a new position in shares of LanzaTech Global during the 3rd quarter valued at $72,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of LanzaTech Global during the 4th quarter valued at $201,000. Hedge funds and other 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.