Is Hyzon Motors Inc. (HYZN) A Good Investment?

Hyzon Motors Inc. (NASDAQ:HYZN) trading with an addition of $0.11 to $6.22 on Thursday, an upside of 1.80 percent. An average of 1,784,022 shares of common stock have been traded in the last five days. There was a fall of -$0.18 in the past week. The last 20 days have seen an average of 3,740,841 shares traded, while the 50-day average volume stands at 2,961,974.

HYZN stock has decreased by -37.08% in the last month. The company shares reached their 1-month lowest point of $5.50 on 10/12/21. Shares of the company touched a low of $5.50 and a high of $19.95 in 52 weeks. It has reached a new high 13 times so far this year and lost -42.36% or -$4.32 in price. In spite of this, the price is down -68.82% from the 52-week high.


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Valuation Metrics

Hyzon Motors Inc. (HYZN) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 31.28 for the sector. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.96.

The quick ratio of Hyzon Motors Inc. for the three months ended June 29 was 0.00, and the current ratio was 0.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hyzon Motors Inc.’s return on assets was -18.20%. For the broader industry, ROE averaged 10.14 over the past year.

Earnings Surprise

The company posted a net income of -$8.18 million in the quarter, while revenues of -$1.11 million were grew 100.0%. The analyst consensus anticipated Hyzon Motors Inc.’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.1, a -25.00% surprise. At the end of the quarter ending June 29, Hyzon Motors Inc.’s stock balance sheet showed total debt was $52.47 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Hyzon Motors Inc. (HYZN) price momentum. RSI 9-day as of the close on 13 October was 40.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 103.47%.

As of today, HYZN’s price is $6.07 -2.79% or -$0.18 from its 5-day moving average. HYZN is currently trading -39.15% lower than its 20-day SMA and -37.14% lower than its 100-day SMA. However, the stock’s current price level is +3.63% above the SMA50 and -40.75% below the SMA200.

The stochastic %K and %D were 16.51% and 11.85%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 19.50% and the average true range at 0.73, the RSI (14) stands at 40.56%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.26.

Analyst Ratings

JP Morgan launched coverage on Hyzon Motors Inc. (NASDAQ: HYZN) in its analyst report released on September 09, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for Hyzon Motors Inc. (HYZN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HYZN, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

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

Analysts predict a range of price targets between $15.00 and $30.00, with a median target of $19.50. Taking a look at these predictions, the average price target given by analysts for Hyzon Motors Inc. (HYZN) stock is $20.17.

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