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Nov 11, 2024 7:00 PM - Tony Dante(Last modified: Nov 12, 2024 9:04 AM)
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LanzaTech Global, Inc. (NASDAQ:LNZA) is a company that focuses on transforming waste carbon into sustainable fuels and chemicals. It operates in the renewable energy sector, which includes competitors like Amyris and Gevo. On November 11, 2024, Cowen & Co. maintained its "Hold" rating for LNZA, with the stock priced at $1.87 at the time.
During its Q3 2024 earnings call on November 8, 2024, LanzaTech reported a quarterly loss of $0.29 per share. This was significantly higher than the Zacks Consensus Estimate of a $0.13 loss per share. The increased losses highlight the challenges the company faces in its financial performance compared to the previous year.
The stock price of LNZA has seen a decrease, currently standing at $1.585, down 6.76% from the previous price. The stock has traded between $1.53 and $1.70 today, with a 52-week high of $5.734 and a low of $1.16. This volatility reflects the market's reaction to the company's financial results and strategic direction.
LanzaTech's market capitalization is approximately $313.5 million, indicating the total market value of its outstanding shares. The trading volume for the day is 308,833 shares, showing investor interest and activity in the stock. Despite the challenges, the company continues to engage with analysts and investors, as seen in the recent earnings call attended by representatives from various financial institutions.
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