LanzaTech Global (NASDAQ:LNZA) Shares to Reverse Split on Wednesday, August 20th

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) are going to reverse split before the market opens on Wednesday, August 20th. The 1-100 reverse split was announced on Friday, August 15th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, August 19th.

LanzaTech Global Price Performance

Shares of LanzaTech Global stock opened at $0.26 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 6.08. The company has a market cap of $60.29 million, a PE ratio of -0.39 and a beta of 1.78. The business has a 50 day moving average of $0.34 and a 200 day moving average of $0.40. LanzaTech Global has a 52 week low of $0.14 and a 52 week high of $2.74.

LanzaTech Global (NASDAQ:LNZA) last announced its earnings results on Monday, May 19th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $9.48 million during the quarter, compared to the consensus estimate of $30.58 million. LanzaTech Global had a negative return on equity of 562.88% and a negative net margin of 269.20%. As a group, equities research analysts forecast that LanzaTech Global will post -0.66 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on LNZA shares. Wall Street Zen upgraded LanzaTech Global to a “hold” rating in a report on Saturday, July 26th. Roth Capital downgraded LanzaTech Global from a “strong-buy” rating to a “hold” rating in a report on Monday, May 19th.

Institutional Investors Weigh In On LanzaTech Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNZA. Invesco Ltd. grew its stake in LanzaTech Global by 47.1% in the fourth quarter. Invesco Ltd. now owns 4,264,525 shares of the company’s stock worth $5,842,000 after purchasing an additional 1,365,668 shares during the period. Jane Street Group LLC purchased a new stake in LanzaTech Global in the second quarter worth $230,000. Marshall Wace LLP purchased a new stake in LanzaTech Global in the second quarter worth $82,000. Nuveen LLC purchased a new stake in LanzaTech Global in the first quarter worth $49,000. Finally, SBI Securities Co. Ltd. grew its stake in LanzaTech Global by 16,556.3% in the first quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company’s stock worth $41,000 after purchasing an additional 169,371 shares during the period. 17.76% of the stock is owned by hedge funds and other institutional investors.

LanzaTech Global Company Profile

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.