The stock of LanzaTech Global Inc. (NASDAQ:LNZA) increased by $0.16 on Tuesday to finish at $8.38, up 1.95 percent. The last five days have seen an average of 1,823,780 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$1.60. The average number of shares traded over the last 20 days was 715,755, while the average volume over the last 50 days totaled 356,102.
LNZA stock appreciated 30.73% since last month. On 08/28/23, the company’s shares reached a one-month low of $6.00. The stock touched a high of $10.80 on 01/30/23, after rallying from a low of $2.63 in 52 weeks. The price of LNZA stock has declined by -16.03% or -$1.60 this year, reaching a new high 14 times. Still, the stock price is down -22.41% from the 52-week high.
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Valuation Metrics
Beta for the stock is 1.26. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 72.29, the price-to-book (PB) ratio of 7.76.
Financial Health
For the recent quarter, LanzaTech Global Inc.’s quick ratio was 6.40, while its current ratio was 6.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 16.90% percent. Based on annual data, it had gross profit of $5.44 million and revenue of $6.49 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LNZA’s return on assets (ROA) during the last 12 months has been -41.70%. In the meantime, the return on equity (ROE) for the last 12 months was -52.30%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $12.92 million, while revenues rose by 100.0% to $9.65 million. EBITDA was -$29.78 million for the quarter. At the end of LanzaTech Global Inc.’s most recent quarter, its liabilities totaled 90.7 million, while its total debt was $7.39 million. Equity owned by shareholders amounts to $195.68 million.
Technical Picture
Here’s a quick look at LanzaTech Global Inc.’s (LNZA) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 77.55%, suggesting the stock is Overbought, with a 49.10% historical volatility rate.
The stochastic %K and %D were 85.03% and 82.90% respectively, while the average true range (ATR) was 0.57. Based on the 14-day stochastic reading of 88.52%, the RSI (14) reading is 72.95%. On the 9-day MACD Oscillator, the stock is at 0.32, and the 14-day reading is at 0.73.
Analyst Ratings
In its analyst report released on May 12, 2023, ROTH MKM began covering LanzaTech Global Inc. (NASDAQ: LNZA). The stock was rated as a Buy by the brokerage firm.
