LanzaTech Global Inc (NASDAQ:LNZA) price on Thursday, December 26, rose 28.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.06.
A look at the stock’s price movement, the close in the last trading session was $1.60, moving within a range at $1.6 and $2.74. The beta value (5-Year monthly) was 1.585. Turning to its 52-week performance, $5.73 and $0.84 were the 52-week high and 52-week low respectively. Overall, LNZA moved 88.99% over the past month.
LanzaTech Global Inc’s market cap currently stands at around $407.43 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 23.4M for the company’s revenue for the quarter, with a low and high estimate of 19M and 31.63M respectively. The average forecast suggests up to a 14.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 61.1M, representing a -2.44% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LNZA is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend LNZA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
LNZA’s current price about 82.59% and 47.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.57, while 7-day volatility ratio is 34.05% and 15.18% in the 30-day chart. Further, LanzaTech Global Inc (LNZA) has a beta value of 1.39, and an average true range (ATR) of 0.22. Analysts have given the company’s stock an average 52-week price target of $5.5, forecast between a low of $5 and high of $6. Looking at the price targets, the low is -142.72% off current price level while to achieve the yearly target high, price needs to move -191.26%. Nonetheless, investors will most likely welcome a -166.99% jump to $5.5 which is the analysts’ median price.
If we refocus on LanzaTech Global Inc (NASDAQ:LNZA), historical trading data shows that trading volumes averaged 1.12 over the past 10 days and 543.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 197.78 million shares.
The 31.89% of LanzaTech Global Inc’s shares are in the hands of company insiders while institutional holders own 31.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.25 million on 2024-11-29, giving us a short ratio of 14.33. The data shows that as of 2024-11-29 short interest in LanzaTech Global Inc (LNZA) stood at 634.0 of shares outstanding, with shares short falling to 7.44 million registered in 2024-10-31. Current price change has pushed the stock -59.05% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LNZA stock continues to rise going into the next quarter.
