During the last session, LanzaTech Global Inc (NASDAQ:LNZA)’s traded shares were 0.54 million, with the beta value of the company hitting 1.45. At the end of the trading day, the stock’s price was $1.06, reflecting an intraday loss of -7.02% or -$0.08. The 52-week high for the LNZA share is $5.73, that puts it down -440.57 from that peak though still a striking 10.38% gain since the share price plummeted to a 52-week low of $0.95. The company’s market capitalization is $209.65M, and the average intraday trading volume over the past 10 days was 0.62 million shares, and the average trade volume was 402.40K shares over the past three months.
LanzaTech Global Inc (LNZA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. LNZA has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.
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LanzaTech Global Inc (NASDAQ:LNZA) trade information
LanzaTech Global Inc (LNZA) registered a -7.02% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.02% in intraday trading to $1.06, hitting a weekly high. The stock’s 5-day price performance is -2.30%, and it has moved by -45.08% in 30 days. Based on these gigs, the overall price performance for the year is -75.23%. The short interest in LanzaTech Global Inc (NASDAQ:LNZA) is 7.44 million shares and it means that shorts have 22.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $5.5, which implies an increase of 80.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $6 respectively. As a result, LNZA is trading at a discount of -466.04% off the target high and -371.7% off the low.
LanzaTech Global Inc (LNZA) estimates and forecasts
Statistics show that LanzaTech Global Inc has outperformed its competitors in share price, compared to the industry in which it operates. LanzaTech Global Inc (LNZA) shares have gone down -63.95% during the last six months, with a year-to-date growth rate more than the industry average at 20.25% against 18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -68.31% this quarter and then drop -57.98% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.67% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 23.4M as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 35.53M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.5M and 10.24M respectively. In this case, analysts expect current quarter sales to grow by 14.13% and then jump by 246.79% in the coming quarter.
While earnings are projected to return 24.37% in 2024.
LNZA Dividends
LanzaTech Global Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
LanzaTech Global Inc (NASDAQ:LNZA)’s Major holders
LanzaTech Global Inc insiders own 10.77% of total outstanding shares while institutional holders control 74.90%, with the float percentage being 83.94%.
Also, the Mutual Funds coming in first place with the largest holdings of LanzaTech Global Inc (LNZA) shares are Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 4.32 shares. This amounts to just over 2.18 percent of the company’s overall shares, with a $4.57 million market value. The same data shows that the other fund manager holds slightly less at 2.88, or about 1.45% of the stock, which is worth about $3.05 million.
