As of Friday close, Hyzon Motors Inc.’s (NASDAQ:HYZN) stock traded at $1.16. The average number of shares traded per day over the past five days has been 652,540 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.0700 fall in that time frame. In the last twenty days, the average volume was 1,558,440, while in the previous 50 days, it was 2,092,526.
Since last month, HYZN stock retreated -24.68%. Shares of the company fell to $1.1000 on 08/18/23, the lowest level in the past month. A 52-week high of $2.35 was reached on 02/03/23 after having rallying from a 52-week low of $0.45. Since the beginning of this year, HYZN’s stock price has dropped by -25.16% or -$0.3900, and marked a new high 8 times. However, the stock has declined by -50.64% since its 52-week high.
HYZN stock investors should be aware that Hyzon Motors Inc. (HYZN) stock had its last reported insider trading activity 235 days ago on Dec 27. HORIZON FUEL CELL TECHNOLOGIES, the 10% Owner of the company, disposed of 3,769,592 shares for $1.71 on Dec 27. It resulted in a $6,446,002 divestment by the insider.
Valuation Metrics
The stock’s beta is 3.29. Besides these, the trailing price-to-sales (P/S) ratio of 343.29, the price-to-book (PB) ratio of 1.02.
Financial Health
In the three months ended June 29, Hyzon Motors Inc.’s quick ratio stood at 5.70, while its current ratio was 6.70, showing that the company is able to pay off its debt. Based on annual data, HYZN earned -$19.59 million in gross profit and brought in $3.73 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -56.30%. Return on equity (ROE) for the past 12 months was -9.30%.
While analysts expected Hyzon Motors Inc. to report -$0.18 quarterly earnings, the actual figure was -$0.24 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated -$63.7 million in EBITDA. The liabilities of Hyzon Motors Inc. were 68.35 million at the end of its most recent quarter ended June 29, and its total debt was $8.63 million. The value of shareholders’ equity is $244.85 million.
Technical Picture
This quick technical analysis looks at Hyzon Motors Inc.’s (HYZN) price momentum. With a historical volatility rate of 105.12%, the RSI 9-day stood at 32.36% on 18 August.
With respect to its five-day moving average, the current Hyzon Motors Inc. price is down by -5.69% percent or -$0.0700. At present, HYZN shares trade -28.40% below its 20-day simple moving average and +51.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately +58.34% above its SMA50 and -39.27% below its SMA200.
Stochastic coefficient K was 6.44% and Stochastic coefficient D was 7.70%, while ATR was 0.1467. Given the Stochastic reading of 6.12% for the 14-day period, the RSI (14) reading has been calculated as 40.19%. As of today, the MACD Oscillator reading stands at -0.0267, while the 14-day reading stands at -0.2295.
Analyst Ratings
Hyzon Motors Inc. downgraded its rating on Hyzon Motors Inc. (NASDAQ: HYZN) to a Neutral in a note to investors on August 05, 2022. The analysts firm previously had an Outperform rating on the stock.Hyzon Motors Inc. (HYZN) has been rated Sell by analysts. According to 1 brokerage firm, HYZN is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hyzon Motors Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $1.00 – $1.00. Based on these forecasts, analysts predict Hyzon Motors Inc. (HYZN) will achieve an average price target of $1.00.
