At the time of writing, Hyzon Motors Inc [HYZN] stock is trading at $0.71, up 2.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HYZN shares have gain 16.50% over the last week, with a monthly amount glided 1.58%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, HYZON LAUNCHES GLOBAL 200kW FUEL CELL SYSTEM IN PRIME MOVER. In a post published today on Yahoo Finance, Australian Team Brings Zero-Emissions Alternatives to Region’s Long-Haul Operators.
From an analyst’s perspective:
Hyzon Motors Inc [NASDAQ: HYZN] stock has seen the most recent analyst activity on August 05, 2022, when Wedbush downgraded its rating to a Neutral and also revised its price target to $3 from $7. Previously, JP Morgan downgraded its rating to Underweight on August 05, 2022. On August 05, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $4 on the stock. Canaccord Genuity downgraded its rating to a Hold and decreased its price target to $6 on April 06, 2022. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $7 as its price target on February 15, 2022. Colliers Securities downgraded its rating to Neutral for this stock on January 13, 2022. In a note dated December 23, 2021, Canaccord Genuity initiated an Buy rating and provided a target price of $12 on this stock.
For the past year, the stock price of Hyzon Motors Inc fluctuated between $0.45 and $2.17. Currently, Wall Street analysts expect the stock to reach $2.89 within the next 12 months. Hyzon Motors Inc [NASDAQ: HYZN] shares were valued at $0.71 at the most recent close of the market. An investor can expect a potential return of 307.04% based on the average HYZN price forecast.
Analyzing the HYZN fundamentals
According to Hyzon Motors Inc [NASDAQ:HYZN], the company’s sales were 0.79M for trailing twelve months, which represents an -100.00% plunge. Gross Profit Margin for this corporation currently stands at -22.56% with Operating Profit Margin at -249.87%, Pretax Profit Margin comes in at -220.17%, and Net Profit Margin reading is -181.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.62, Equity is -0.62 and Total Capital is -1.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6871 points at the first support level, and at 0.6613 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7518, and for the 2nd resistance point, it is at 0.7907.
Hyzon Motors Inc [HYZN] reported earnings per share of -$0.13 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.16/share, meaning a difference of $0.03 and a surprise factor of 18.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.24 per share as compared to estimates of -$0.18 per share, a difference of -$0.06 representing a surprise of -33.30%.
Ratios To Look Out For
It is important to note that Hyzon Motors Inc [NASDAQ:HYZN] has a current ratio of 5.09. As well, the Quick Ratio is 3.99, while the Cash Ratio is 2.95. Considering the valuation of this stock, the price to sales ratio is 221.12, the price to book ratio is 0.98.
Transactions by insiders
Recent insider trading involved HORIZON FUEL CELL TECHNOLOGIES, 10% Owner, that happened on Feb 06 ’24 when 4.0 million shares were sold. 10% Owner, HORIZON FUEL CELL TECHNOLOGIES completed a deal on Jan 22 ’24 to sell 1.75 million shares. Meanwhile, 10% Owner HORIZON FUEL CELL TECHNOLOGIES sold 0.61 million shares on Jan 19 ’24.
