LanzaTech Global, Inc. (NASDAQ:LNZA – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 8,190,000 shares, an increase of 7.1% from the July 15th total of 7,650,000 shares. Approximately 5.3% of the company’s shares are short sold. Based on an average daily trading volume, of 706,800 shares, the days-to-cover ratio is presently 11.6 days.
Wall Street Analyst Weigh In
Separately, TD Cowen started coverage on LanzaTech Global in a research report on Tuesday, May 7th. They issued a “hold” rating and a $3.00 target price on the stock.
View Our Latest Report on LanzaTech Global
Institutional Investors Weigh In On LanzaTech Global
LanzaTech Global Price Performance
NASDAQ:LNZA opened at $1.47 on Tuesday. LanzaTech Global has a 52 week low of $1.16 and a 52 week high of $8.70. The company has a quick ratio of 6.89, a current ratio of 6.89 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $290.66 million, a P/E ratio of -3.00 and a beta of 1.56. The stock’s fifty day moving average is $1.76 and its two-hundred day moving average is $2.55.
LanzaTech Global (NASDAQ:LNZA – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). LanzaTech Global had a negative net margin of 152.29% and a negative return on equity of 79.28%. The firm had revenue of $17.38 million during the quarter, compared to analyst estimates of $14.68 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. Equities analysts expect that LanzaTech Global will post -0.42 EPS for the current year.
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.
Featured Stories
- Five stocks we like better than LanzaTech Global
- How to Capture the Benefits of Dividend Increases
- Moderna Dips on Q2 Earnings But Can It Rip on a Short Squeeze?
- The How And Why of Investing in Oil Stocks
- 2 Option Strategies to Maximize Profits in a Bear Market
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Lululemon Stock Gears Up for a Massive Comeback Rally
Receive News & Ratings for LanzaTech Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LanzaTech Global and related companies with MarketBeat.com's FREE daily email newsletter.