LanzaTech Global, Inc. (NASDAQ:LNZA) Given Average Recommendation of “Hold” by Analysts

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have been given an average recommendation of “Hold” by the three ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers 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 report on Thursday, March 13th.

Hedge Funds Weigh In On LanzaTech Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LNZA. Invesco Ltd. boosted its holdings in LanzaTech Global by 47.1% during the fourth quarter. Invesco Ltd. now owns 4,264,525 shares of the company’s stock worth $5,842,000 after buying an additional 1,365,668 shares during the last quarter. DnB Asset Management AS bought a new position in LanzaTech Global during the fourth quarter worth about $467,000. JPMorgan Chase & Co. boosted its holdings in LanzaTech Global by 110.2% during the fourth quarter. JPMorgan Chase & Co. now owns 284,875 shares of the company’s stock worth $390,000 after buying an additional 149,345 shares during the last quarter. Barclays PLC boosted its holdings in LanzaTech Global by 322.3% during the third quarter. Barclays PLC now owns 160,226 shares of the company’s stock worth $306,000 after buying an additional 122,289 shares during the last quarter. Finally, State Street Corp boosted its holdings in LanzaTech Global by 6.3% during the third quarter. State Street Corp now owns 1,610,965 shares of the company’s stock worth $3,077,000 after buying an additional 95,725 shares during the last quarter. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Price Performance

Shares of LNZA stock opened at $0.49 on Thursday. The stock has a 50-day moving average price of $0.99 and a 200 day moving average price of $1.32. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 6.64. The firm has a market cap of $96.05 million, a price-to-earnings ratio of -0.75 and a beta of 1.32. LanzaTech Global has a 12 month low of $0.46 and a 12 month high of $3.41.

About LanzaTech Global

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.