LanzaTech Global, Inc. (NASDAQ:LNZA) Receives Consensus Rating of “Hold” from Brokerages

LanzaTech Global, Inc. (NASDAQ:LNZA) has received a consensus recommendation of “Hold” from the three research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.00.

Separately, Janney Montgomery Scott lowered LanzaTech Global from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

LanzaTech Global Stock Performance

LanzaTech Global stock opened at $0.49 on Thursday. The company has a debt-to-equity ratio of 6.64, a current ratio of 2.91 and a quick ratio of 2.91. The stock has a fifty day moving average price of $0.99 and a two-hundred day moving average price of $1.32. LanzaTech Global has a 52-week low of $0.46 and a 52-week high of $3.41. The firm has a market capitalization of $96.05 million, a P/E ratio of -0.75 and a beta of 1.32.

Institutional Trading of LanzaTech Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new stake in shares of LanzaTech Global in the third quarter valued at $29,000. DRW Securities LLC acquired a new stake in LanzaTech Global in the fourth quarter worth about $30,000. Price T Rowe Associates Inc. MD increased its position in LanzaTech Global by 45.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,253 shares of the company’s stock worth $72,000 after purchasing an additional 16,325 shares during the period. Wells Fargo & Company MN increased its position in LanzaTech Global by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 56,235 shares of the company’s stock worth $77,000 after purchasing an additional 17,804 shares during the period. Finally, XTX Topco Ltd acquired a new stake in LanzaTech Global in the fourth quarter worth about $85,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

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.