Holdings of LanzaTech Global Inc. (LNZA) are aligned with the stars

LanzaTech Global Inc. (NASDAQ: LNZA) stock fell -0.36% on Monday to $8.22 against a previous-day closing price of $8.25. With 1.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Waste Management company that operates in wider Industrials sector, reached to the highest price of $8.35 whereas the lowest price it dropped to was $7.44. The 52-week range on LNZA shows that it touched its highest point at $10.80 and its lowest point at $2.63 during that stretch. It currently has a 1-year price target of $8.00. Beta for the stock currently stands at 1.25.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LNZA was up-trending over the past week, with a rise of 1.73%, but this was up by 29.86% over a month. Three-month performance surged to 55.09% while six-month performance rose 137.57%. The stock lost -16.63% in the past year, while it has lost -17.64% so far this year. A look at the trailing 12-month EPS for LNZA yields -0.78 with Next year EPS estimates of -0.37.

Float and Shares Shorts:

At present, 195.54 million LNZA shares are outstanding with a float of 172.58 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.99 million, which was 0.51% higher than short shares on Jul 30, 2023. In addition to Dr. Jennifer Holmgren Ph.D. as the firm’s Chair of the Board & CEO, Mr. Geoffrey Trukenbrod serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 59.01% of LNZA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 3.31% of LNZA, in contrast to 19.43% held by mutual funds. Shares owned by individuals account for 1.81%. As the largest shareholder in LNZA with 17.00% of the stake, Guardians of New Zealand Superann holds 33,263,337 shares worth 33,263,337. A second-largest stockholder of LNZA, Cohen & Company Financial Managem, holds 2,903,447 shares, controlling over 1.48% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in LNZA, holding 1,975,217 shares or 1.01% stake. With a 0.45% stake in LNZA, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 871,239 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 0.25% of LNZA stock, is the second-largest Mutual Fund holder. It holds 484,267 shares valued at 3.21 million. Fidelity Extended Market Index Fu holds 0.21% of the stake in LNZA, owning 406,377 shares worth 2.69 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, LNZA reported revenue of $9.85M and operating income of -$19.12M. The EBITDA in the recently reported quarter was -$17.86M and diluted EPS was -$0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LNZA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LNZA analysts setting a high price target of $8.00 and a low target of $8.00, the average target price over the next 12 months is $8.00. Based on these targets, LNZA could drop -2.68% to reach the target high and fall by -2.68% to reach the target low. Reaching the average price target will result in a decline of -2.68% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.