Hyzon Motors Inc [HYZN] stock prices are up 8.33% to $0.06 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HYZN shares have gain 20.59% over the last week, with a monthly amount drifted -57.52%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of Hyzon Motors Inc [HYZN] has been fluctuating between $0.05 and $1.43 over the past year. 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 $0.06 at the most recent close of the market. An investor can expect a potential return of 4716.67% based on the average HYZN price forecast.
Analyzing the HYZN fundamentals
Gross Profit Margin for this corporation currently stands at -2.91% with Operating Profit Margin at -15.45%, Pretax Profit Margin comes in at -16.91%, and Net Profit Margin reading is -16.86%. To continue investigating profitability, this company’s Return on Assets is posted at -1.76, Equity is -1.55 and Total Capital is -2.42. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 0.0548 points at the first support level, and at 0.0446 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.0815, and for the 2nd resistance point, it is at 0.0980.
Ratios To Look Out For
It’s worth pointing out that Hyzon Motors Inc [NASDAQ:HYZN]’s Current Ratio is 1.99. Further, the Quick Ratio stands at 1.76, while the Cash Ratio is 1.03. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 0.30.
Transactions by insiders
Recent insider trading involved HORIZON FUEL CELL TECHNOLOGIES, 10% Owner, that happened on Aug 22 ’24 when 1.0 million shares were sold. 10% Owner, HORIZON FUEL CELL TECHNOLOGIES completed a deal on Aug 21 ’24 to sell 1.0 million shares. Meanwhile, 10% Owner HORIZON FUEL CELL TECHNOLOGIES sold 1.0 million shares on Aug 20 ’24.
