In the last trading session, 2.5 million LanzaTech Global Inc (NASDAQ:LNZA) shares changed hands as the company’s beta touched 1.45. With the company’s per share price at $1.36 changed hands at $0.34 or 33.33% during last session, the market valuation stood at $313.02M. LNZA’s last price was a discount, traded about -321.32% off its 52-week high of $5.73. The share price had its 52-week low at $0.84, which suggests the last value was 38.24% up since then. When we look at LanzaTech Global Inc’s average trading volume, we note the 10-day average is 0.73 million shares, with the 3-month average coming to 475.22K.
Analysts gave the LanzaTech Global Inc (LNZA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended LNZA as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. LanzaTech Global Inc’s EPS for the current quarter is expected to be -0.14.
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LanzaTech Global Inc (NASDAQ:LNZA) trade information
Instantly LNZA was in green as seen at the end of in last trading. With action 36.00%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -72.96%, with the 5-day performance at 36.00% in the green. However, in the 30-day time frame, LanzaTech Global Inc (NASDAQ:LNZA) is 19.30% up. Looking at the short shares, we see there were 7.25 million shares sold at short interest cover period of 14.33 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.5, meaning bulls need an upside of 75.27% from its current market value. According to analyst projections, LNZA’s forecast low is 5 with 6 as the target high. To hit the forecast high, the stock’s price needs a -341.18% plunge from its current level, while the stock would need to soar -267.65% for it to hit the projected low.
LanzaTech Global Inc (LNZA) estimates and forecasts
Data shows that the LanzaTech Global Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -11.11% over the past 6 months, a 20.25% in annual growth rate that is considerably higher than the industry average of 16.10%. Year-over-year growth is forecast to reach -2.44% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 23.4M. 2 analysts are of the opinion that LanzaTech Global Inc’s revenue for the current quarter will be 35.53M. The company’s revenue for the corresponding quarters a year ago was 20.5M and 10.24M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.13%. The estimates for the next quarter sales put growth at 246.79%.
The 2024 estimates are for LanzaTech Global Inc earnings to increase by 18.14%.
LNZA Dividends
LanzaTech Global Inc is expected to release its next quarterly earnings report in January.
LanzaTech Global Inc (NASDAQ:LNZA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.77% of LanzaTech Global Inc shares while 74.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.94%.
