LanzaTech Global Inc (NASDAQ:LNZA) shares traded 28.75% higher at $2.06 on Wall Street last session.
LNZA stock price is now 47.60% away from the 50-day moving average and 5.13% away from the 200-day moving average. The market capitalization of the company currently stands at $407.43M.
With the price target of $3, TD Cowen recently initiated with Hold rating for LanzaTech Global Inc (NASDAQ: LNZA). On March 15, 2024, Seaport Research Partners recently initiated its ‘Buy’ rating on the stock quoting a target price of $5, while ‘Janney’ rates the stock as ‘Buy’
In other news, Burton Freya, Chief Sustainability Officer sold 50,225 shares of the company’s stock on Mar 05 ’24. The stock was sold for $162,729 at an average price of $3.24. Upon completion of the transaction, the Chief Sustainability Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, Chief Sustainability Officer Burton Freya sold 37,268 shares of the business’s stock. A total of $117,394 was realized by selling the stock at an average price of $3.15. A total of 31.89% of the company’s stock is owned by insiders.
During the past 12 months, LanzaTech Global Inc has had a low of $0.84 and a high of $5.73. As of last week, the company has a debt-to-equity ratio of 6.65, a current ratio of 2.91, and a quick ratio of 2.91. The fifty day moving average price for LNZA is $1.3882 and a two-hundred day moving average price translates $1.9641 for the stock.
The latest earnings results from LanzaTech Global Inc (NASDAQ: LNZA) was released for 2024-09-30. The net profit margin was -223.03% and return on equity was -182.17% for LNZA. The company reported revenue of $9.94 million for the quarter, compared to $19.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -49.28 percent.
