Market Insight: LanzaTech Global Inc (LNZA)’s Notable Drop, Closing at 0.21

For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.

In the latest session, LanzaTech Global Inc (NASDAQ: LNZA) closed at $0.21 down -7.17% from its previous closing price of $0.23. In other words, the price has decreased by -$7.17 from its previous closing price. On the day, 0.78 million shares were traded.

Ratios:

For a deeper understanding of LanzaTech Global Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.07 and its Current Ratio is at 3.26. In the meantime, Its Debt-to-Equity ratio is 6.09 whereas as Long-Term Debt/Eq ratio is at 6.08.

On May 07, 2024, TD Cowen started tracking the stock assigning a Hold rating and target price of $3.

On March 15, 2024, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $5.Seaport Research Partners initiated its Buy rating on March 15, 2024, with a $5 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 3.09.

Stock Price History:

Over the past 52 weeks, LNZA has reached a high of $3.26, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is -44.22%, while the 200-Day Moving Average is calculated to be -81.88%.

Shares Statistics:

A total of 194.92M shares are outstanding, with a floating share count of 159.47M. Insiders hold about 19.42% of the company’s shares, while institutions hold 31.42% stake in the company.

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