The stock of Hyzon Motors Inc. (NASDAQ:HYZN) increased by $0.11 on Friday to finish at $1.25, up 9.65 percent. The last five days have seen an average of 740,860 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$0.3000. The average number of shares traded over the last 20 days was 1,256,945, while the average volume over the last 50 days totaled 1,979,640.
HYZN stock dropped -30.17% since last month. On 08/21/23, the company’s shares reached a one-month low of $1.0400. The stock touched a high of $2.35 on 02/03/23, after rallying from a low of $0.45 in 52 weeks. The price of HYZN stock has declined by -19.35% or -$0.3000 this year, reaching a new high 8 times. Still, the stock price is down -46.81% 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 244 days ago on Dec 27. On Dec 27, 10% Owner HORIZON FUEL CELL TECHNOLOGIES sold 3,769,592 shares at $1.71 each. This transaction resulted in the insider making $6,446,002.
Valuation Metrics
Beta for the stock is 3.29. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 348.88, the price-to-book (PB) ratio of 1.40.
Financial Health
For the three months ended June 29, Hyzon Motors Inc.’s quick ratio was 4.50, while its current ratio was 5.60, indicating its ability to pay off its debt. Based on annual data, it had gross profit of -$19.59 million and revenue of $3.73 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HYZN’s return on assets (ROA) during the last 12 months has been -44.50%. There was a -56.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -53.10%.
Earnings Surprise
According to Hyzon Motors Inc.’s quarterly financial report for the quarter that ended June 29. It was predicted that Hyzon Motors Inc.’s quarterly earnings would be -$0.24, but it ended up being -$0.18, beating the consensus by -33.30%. EBITDA was -$63.7 million for the quarter. At the end of Hyzon Motors Inc.’s most recent quarter ended June 29, its liabilities totaled 68.35 million, while its total debt was $8.63 million. Equity owned by shareholders amounts to $244.85 million.
Technical Picture
Here’s a quick look at Hyzon Motors Inc.’s (HYZN) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 47.33%, suggesting the stock is Neutral, with a 92.89% historical volatility rate.
The stochastic %K and %D were 32.54% and 22.12% respectively, while the average true range (ATR) was 0.1308. Based on the 14-day stochastic reading of 60.00%, the RSI (14) reading is 47.16%. On the 9-day MACD Oscillator, the stock is at 0.0267, and the 14-day reading is at 0.0157.
Analyst Ratings
Hyzon Motors Inc. (NASDAQ: HYZN) was downgraded by Wedbush to a a Neutral rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Hyzon Motors Inc. (HYZN) an Sell rating. HYZN is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is HYZN’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.00 and $1.00, with a median target price of $1.00. In analyzing these forecasts, the average price target given by analysts for Hyzon Motors Inc. (HYZN) is $1.00.
