The stock of Hyzon Motors Inc. (NASDAQ:HYZN) last traded at $1.12, up 17.89% from the previous session.
Data from the available sources indicates that Hyzon Motors Inc. (NASDAQ:HYZN) is covered by 1 analysts. The consensus rating among analysts is ‘Sell’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $1.00, we find $1.00. Given the previous closing price of $0.95, this indicates a potential upside of 5.26 percent. HYZN stock price is now 53.17% away from the 50-day moving average and -15.05% away from the 200-day moving average. The market capitalization of the company currently stands at $265.44M.
Brokers who have rated the stock have averaged $1.00 as their price target over the next twelve months.
With the price target reduced from $7 to $3, Wedbush Downgraded its rating from Outperform to Neutral for Hyzon Motors Inc. (NASDAQ: HYZN).
In other news, HORIZON FUEL CELL TECHNOLOGIES, 10% Owner sold 3,769,592 shares of the company’s stock on Dec 27. The stock was sold for $6,446,002 at an average price of $1.71. Upon completion of the transaction, the 10% Owner now directly owns 151,869,414 shares in the company, valued at $170.09 million. Insiders disposed of 3,839,286 shares of company stock worth roughly $4.3 million over the past 1 year. A total of 64.27% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HYZN stock. A new stake in Hyzon Motors Inc. shares was purchased by ERGOTELES LLC during the first quarter worth $725,000. BALYASNY ASSET MANAGEMENT L.P. invested $234,000 in shares of HYZN during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Hyzon Motors Inc. valued at approximately $199,000. XTX TOPCO LTD acquired a new stake in HYZN for approximately $179,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in HYZN valued at around $95,000 in the second quarter. In total, there are 129 active investors with 20.00% ownership of the company’s stock.
With an opening price of $0.9740 on Wednesday morning, Hyzon Motors Inc. (NASDAQ: HYZN) set off the trading day. During the past 12 months, Hyzon Motors Inc. has had a low of $0.45 and a high of $4.53. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.70, and a quick ratio of 5.70. The fifty day moving average price for HYZN is $0.7370 and a two-hundred day moving average price translates $1.3148 for the stock.
The latest earnings results from Hyzon Motors Inc. (NASDAQ: HYZN) was released for Mar, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.11, missing analysts’ expectations of -$0.09 by -0.02. This compares to -$0.04 EPS in the same period last year.
Hyzon Motors Inc.(HYZN) Company Profile
Hyzon Motors Inc. provides decarbonized solutions for commercial vehicle market and hydrogen supply infrastructure. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing. The company was founded in 2020 and is headquartered in Honeoye Falls, New York.
