Hyzon Motors Inc. (NASDAQ:HYZN) finished Friday with an addition of $0.04 to close at $1.23, an upside of 3.36 percent. An average of 2,105,800 shares of common stock have been traded in the last five days. There was a fall of -$0.4600 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 2,241,960 shares traded, while the 50-day average volume stands at 2,183,434.
HYZN stock has decreased by -5.38% in the last month. The company shares reached their 1-month lowest point of $0.9600 on 07/12/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $0.45 and a high of $2.45 in 52 weeks. It has reached a new high 8 times so far this year and lost -20.65% or -$0.3200 in price. In spite of this, the price is down -49.80% from the 52-week high.
Insider Transactions
HYZN stock investors should be aware that Hyzon Motors Inc. (HYZN) stock had its last reported insider trading activity 228 days ago on Dec 27.
Valuation Metrics
Hyzon Motors Inc. (HYZN) stock’s beta is 3.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 420.77, the price-to-book (PB) ratio at 1.08.
Financial Health
The quick ratio of Hyzon Motors Inc. for the three months ended June 29 was 5.70, and the current ratio was 6.70, indicating that the company is 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. Hyzon Motors Inc.’s EBITDA margin for the year ending June 29 is -4538.24%. Its gross profit as reported stood at -$19.59 million compared to revenue of $3.73 million.
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 -13.80%.
Earnings Surprise
The company posted a net income of -$60.25 million in the quarter, while revenues were grew 89.18%. The analyst consensus anticipated Hyzon Motors Inc.’s latest quarter earnings to come in at -$0.18 per share, but it turned out to be -$0.24, a -33.30% surprise. For the quarter, EBITDA amounted to -$63.7 million. At the end of the quarter ending June 29, Hyzon Motors Inc.’s stock balance sheet showed total liabilities of 68.35 million. Shareholders own equity worth $244.85 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 11 August was 35.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 117.71%.
As of today, HYZN’s price is $1.2620 -27.22% or -$0.4600 from its 5-day moving average. HYZN is currently trading -16.89% lower than its 20-day SMA and +28.66% higher than its 100-day SMA. However, the stock’s current price level is +123.64% above the SMA50 and -28.90% below the SMA200.
The stochastic %K and %D were 10.69% and 10.44%, respectively, and the average true range (ATR) was 0.2075. With the 14-day stochastic at 11.32% and the average true range at 0.1981, the RSI (14) stands at 42.47%. The stock has reached -0.2989 on the 9-day MACD Oscillator while the 14-day reading was at -0.4402.
Analyst Ratings
Wedbush downgraded Hyzon Motors Inc. (NASDAQ: HYZN) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Hyzon Motors Inc. (HYZN) among analysts is Sell. According to current brokerage recommendations, 1 brokerage firm 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 0 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 $1.00 and $1.00, with a median target of $1.00. Taking a look at these predictions, the average price target given by analysts for Hyzon Motors Inc. (HYZN) stock is $1.00.
