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

LanzaTech Global, Inc. (NASDAQ:LNZA)’s stock is scheduled to reverse split 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 Stock Performance

NASDAQ:LNZA opened at $0.26 on Friday. The firm has a market capitalization of $60.29 million, a P/E ratio of -0.39 and a beta of 1.78. The company has a fifty day moving average of $0.34 and a 200-day moving average of $0.40. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 6.08. LanzaTech Global has a twelve month low of $0.14 and a twelve month high of $2.74.

LanzaTech Global (NASDAQ:LNZA) last announced its quarterly 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 business had revenue of $9.48 million during the quarter, compared to analyst estimates of $30.58 million. LanzaTech Global had a negative net margin of 269.20% and a negative return on equity of 562.88%. As a group, sell-side analysts anticipate that LanzaTech Global will post -0.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LNZA. Wall Street Zen raised shares of LanzaTech Global to a “hold” rating in a report on Saturday, July 26th. Roth Capital cut LanzaTech Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 19th.

Institutional Investors Weigh In On LanzaTech Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its position in shares of LanzaTech Global by 47.1% during the fourth quarter. Invesco Ltd. now owns 4,264,525 shares of the company’s stock valued at $5,842,000 after buying an additional 1,365,668 shares during the period. Geode Capital Management LLC increased its position in shares of LanzaTech Global by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,259,215 shares of the company’s stock worth $3,096,000 after purchasing an additional 21,912 shares during the last quarter. Northern Trust Corp increased its position in shares of LanzaTech Global by 3.7% in the fourth quarter. Northern Trust Corp now owns 862,507 shares of the company’s stock worth $1,182,000 after purchasing an additional 30,845 shares during the last quarter. Jane Street Group LLC bought a new position in shares of LanzaTech Global in the second quarter worth approximately $230,000. Finally, Marshall Wace LLP bought a new position in shares of LanzaTech Global in the second quarter worth approximately $82,000. 17.76% of the stock is currently owned by 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.