LanzaTech Global Inc (NASDAQ:LNZA) finished Friday with a subtraction of -$0.63 to close at $4.67, a downside of -11.89 percent. An average of 1,099,800 shares of common stock have been traded in the last five days. There was a fall of -$1.29 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 1,038,895 shares traded, while the 50-day average volume stands at 488,456.
LNZA stock has decreased by -28.48% in the last month. The company shares reached their 1-month lowest point of $4.01 on 09/29/23. With the stock rallying to its 52-week high on 01/30/23, shares of the company touched a low of $2.63 and a high of $10.80 in 52 weeks. It has reached a new high 14 times so far this year and lost -53.21% or -$5.31 in price. In spite of this, the price is down -56.76% from the 52-week high.
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Valuation Metrics
LanzaTech Global Inc (LNZA) stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 40.51, the price-to-book (PB) ratio at 4.32.
Financial Health
The quick ratio of LanzaTech Global Inc for the recent quarter was 6.41, and the current ratio was 6.41, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.03 for the recent quarter. Its gross profit as reported stood at $5.44 million compared to revenue of $6.49 million.
Earnings Surprise
For the recent quarter, LanzaTech Global Inc had $34.15 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$26.79 million in the quarter, while revenues of -$67.43 million were grew 112.5%. Shareholders own equity worth $195.68 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at LanzaTech Global Inc (LNZA) price momentum. RSI 9-day as of the close on 29 September was 23.76%, suggesting the stock is oversold, with historical volatility in this time frame at 150.79%.
As of today, LNZA’s price is $5.35 -21.64% or -$1.29 from its 5-day moving average. LNZA is currently trading -29.46% lower than its 20-day SMA and +35.36% higher than its 100-day SMA. However, the stock’s current price level is -22.68% below the SMA50 and -53.02% below the SMA200.
The stochastic %K and %D were 6.96% and 5.74%, respectively, and the average true range (ATR) was 0.76. With the 14-day stochastic at 14.07% and the average true range at 0.69, the RSI (14) stands at 29.92%. The stock has reached -0.77 on the 9-day MACD Oscillator while the 14-day reading was at -1.55.
Analyst Ratings
ROTH MKM launched coverage on LanzaTech Global Inc (NASDAQ: LNZA) in its analyst report released on May 12, 2023. The firm assigned the stock a Buy rating. The consensus rating for LanzaTech Global Inc (LNZA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LNZA, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is LNZA’s price target for the next 12 months?
Analysts predict a range of price targets between $8.00 and $8.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for LanzaTech Global Inc (LNZA) stock is $8.00.
