Home  »  Company   »  After Plunging -3.67% During Past Week, Is Hyzon M...

After Plunging -3.67% During Past Week, Is Hyzon Motors Inc. (NASDAQ: HYZN) Still A Buy?

Hyzon Motors Inc. (NASDAQ:HYZN)’s traded shares stood at 1.01 million during the last session. At the close of trading, the stock’s price was $1.05, to imply a decrease of -0.94% or -$0.01 in intraday trading. The HYZN share’s 52-week high remains $6.57, putting it -525.71% down since that peak but still an impressive 4.76% since price per share fell to its 52-week low of $1.00. The company has a valuation of $274.33M, with an average of 1.03 million shares in intraday trading volume over the past 10 days and average of 1.14 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Underweight for Hyzon Motors Inc. (HYZN), translating to a mean rating of 3.20. Of 3 analyst(s) looking at the stock, 1 analyst(s) give HYZN a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.

Sponsored

Hyzon Motors Inc. (NASDAQ:HYZN) trade information

After registering a -0.94% downside in the last session, Hyzon Motors Inc. (HYZN) has traded red over the past five days. The stock hit a weekly high of 1.1600 this Wednesday, 03/15/23, dropping -0.94% in its intraday price action. The 5-day price performance for the stock is -3.67%, and -30.46% over 30 days. With these gigs, the year-to-date price performance is -32.26%. Short interest in Hyzon Motors Inc. (NASDAQ:HYZN) saw shorts transact 18.55 million shares and set a 24.22 days time to cover.

Analysts on Wall Street suggest a consensus price target of $4.00, implying an increase of 73.75% to the stock’s current value. The extremes give us $4.00 and $4.00 for target low and target high price respectively. As such, HYZN has been trading -280.95% off suggested target high and -280.95% from its likely low.

Hyzon Motors Inc. (HYZN) estimates and forecasts

Looking at statistics comparing Hyzon Motors Inc. share performance against respective industry, we note that the company has underperformed competitors. Hyzon Motors Inc. (HYZN) shares are -47.24% down over the last 6 months, with its year-to-date growth rate lower than industry average at -400.00% against 18.70%. The rating firms project that company’s revenue will grow 621.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $4.17 million. Meanwhile, for the quarter ending Sep 2022, a total of 3 analyst(s) estimate revenue growth to $13.77 million.

HYZN Dividends

Hyzon Motors Inc. has its next earnings report out between March 21 and March 27. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hyzon Motors Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Hyzon Motors Inc. (NASDAQ:HYZN)’s Major holders

Hyzon Motors Inc. insiders hold 63.40% of total outstanding shares, with institutional holders owning 23.11% of the shares at 63.14% float percentage. In total, 23.11% institutions holds shares in the company, led by Invesco Ltd. As of Sep 29, 2022, the company held over 7.56 million shares (or 3.05% of shares), all amounting to roughly $12.85 million.

The next major institution holding the largest number of shares is Legal & General Group PLC with 6.23 million shares, or about 2.51% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $10.59 million.

We also have Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Hyzon Motors Inc. (HYZN) shares. Going by data provided on Dec 30, 2022, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF holds roughly 6.63 million shares. This is just over 2.68% of the total shares, with a market valuation of $10.28 million. Data from the same date shows that the other fund manager holds a little less at 2.23 million, or 0.90% of the shares, all valued at about 3.79 million.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts