Looking To Buy Hyzon Motors Inc. (HYZN)? Read This First

Hyzon Motors Inc. (NASDAQ:HYZN) saw a downside of -7.35% on Monday at $5.99 after subtracting -$0.47. The 5-day average trading volume is 7,405,581 shares of the company’s common stock. It has gained $8.39 in the past week. An average of 3,694,870 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,675,352.

HYZN’s 1-month performance is -34.94% or -$4.44 on its low of $5.80 reached on 10/04/21. The company’s shares have touched a 52-week low of $6.00 and high of $19.95. YTD, HYZN has lost -39.06% or -$4.64. However, the current price is down -70.00%% from the 52-week high price.

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Valuation Metrics

Hyzon Motors Inc. (HYZN) has a trailing price-to-earnings (P/E) ratio of 16.29 for the broader industry and 19.78 for the sector, meaning that investors are optimistic about the stock’s future prospects.HYZN stock has a beta of 0.00. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.02.

Hyzon Motors Inc.’s quick ratio for the period ended June 29 was 0.00, with the current ratio over the same period at 0.00 meaning that HYZN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00.

Earnings Surprise

For the quarterly period ending June 29 this year, Analysts expected HYZN to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.1, representing a -25.00% surprise. HYZN stock balance sheet for the quarter ending June 29 shows that, with total debt at $52.47 million

Technical Picture

Let’s look briefly at Hyzon Motors Inc. (HYZN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 27.88% to suggest the stock is trending oversold, with historical volatility in this time period at 179.33%.

The stock’s 5-day moving average is $6.40, reflecting a -35.29% or -$3.25 change from its current price. HYZN is currently trading -42.69% above its 20-day SMA, -40.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -18.13% and -42.08% respectively.

Stochastic %K and %D was 10.88% and 9.42% and the average true range (ATR) pointed at 0.89. The RSI (14) points at 33.23%, while the 14-day stochastic is at 3.27% with the period’s ATR at 0.86. The stock’s 9-day MACD Oscillator is pointing at -1.33 and -2.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hyzon Motors Inc. (NASDAQ: HYZN), JP Morgan launched coverage with an Overweight rating. Analysts offering their rating for HYZN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate HYZN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is HYZN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $15.00 and a high of $30.00, with their median price target at $19.50. Looking at these predictions, the average price target given by analysts is for Hyzon Motors Inc. (HYZN) stock is $20.17.


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