In the last trading session, 2.32 million shares of the Hyzon Motors Inc. (NASDAQ:HYZN) were traded. Most recently the company’s share price was $3.63, and it changed around $0.02 or 0.55% from the last close, which brings the market valuation of the company to $889.89M. HYZN currently trades at a discount to its 52-week high of $11.37, offering almost -213.22% off that amount. The share price’s 52-week low was $2.85, which indicates that the current value has risen by an impressive 21.49% since then. We note from Hyzon Motors Inc.’s average daily trading volume that its 3-month average coming to 1.98 million.
Hyzon Motors Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended HYZN as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Hyzon Motors Inc. is expected to report earnings per share of -$0.09 for the current quarter.
Hyzon Motors Inc. (NASDAQ:HYZN) trade information
Instantly HYZN has showed a green trend with a performance of 0.55% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.85 on Tuesday, 06/21/22 increased the stock’s daily price by 5.71%. The company’s shares are currently down -44.07% year-to-date, but still up 5.22% over the last five days. On the other hand, Hyzon Motors Inc. (NASDAQ:HYZN) is -17.12% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $7.88, which translates to bulls needing to increase their stock price by 53.93% from its current value. Analyst projections state that HYZN is forecast to be at a low of $6.00 and a high of $12.00. In order for the stock price to hit the forecast high, the stock would need to plunge -230.58% from its current level, while the stock would need to crash -65.29% from its current level to reach the projected low.
Hyzon Motors Inc. (HYZN) estimates and forecasts
Hyzon Motors Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -44.66 percent over the past six months and at a -414.29% annual growth rate that is well below the industry average of 4.60%. The year-over-year growth rate is expected to be 955.90%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $356k in revenue for the current quarter. 5 analysts expect Hyzon Motors Inc. to make $4.35 million in revenue for the quarter ending Jun 2022.
Hyzon Motors Inc.’s next quarterly earnings report is expected to be released on November 12.
Hyzon Motors Inc. (NASDAQ:HYZN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 64.88% of Hyzon Motors Inc. shares, and 16.20% of them are in the hands of institutional investors. The stock currently has a share float of 46.12%. Hyzon Motors Inc. stock is held by 109 institutions, with Public Investment Fund being the largest institutional investor. By Dec 30, 2021, it held 3.24% of the shares, which is about 8.03 million shares worth $52.14 million.
Legal & General Group PLC, with 1.46% or 3.63 million shares worth $23.55 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Jan 30, 2022. The former held 2.95 million shares worth $14.97 million, making up 1.19% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 1.21 million shares worth around $7.87 million, which represents about 0.49% of the total shares outstanding.