Hyzon Motors Inc (NASDAQ: HYZN) Prices Could Soar To Much Higher Levels In Coming Months

In the latest trading session, 28.29 million Hyzon Motors Inc (NASDAQ:HYZN) shares changed hands as the company’s beta touched 2.85. With the company’s most recent per share price at $2.36 changing hands around $0.43 or 22.25% at last look, the market valuation stands at $12.86M. HYZN’s current price is a discount, trading about -2569.49% off its 52-week high of $63.00. The share price had its 52-week low at $1.84, which suggests the last value was 22.03% up since then. When we look at Hyzon Motors Inc’s average trading volume, we note the 10-day average is 0.14 million shares, with the 3-month average coming to 270.45K.

Analysts gave the Hyzon Motors Inc (HYZN) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended HYZN as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Hyzon Motors Inc’s EPS for the current quarter is expected to be -6.5.

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Hyzon Motors Inc (NASDAQ:HYZN) trade information

Instantly HYZN is in green as seen in intraday trades today. With action 16.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -94.73%, with the 5-day performance at 16.80% in the green. However, in the 30-day time frame, Hyzon Motors Inc (NASDAQ:HYZN) is 3.94% up. Looking at the short shares, we see there were 0.27 million shares sold at short interest cover period of 1.29 days.

The consensus price target for the stock as assigned by Wall Street analysts is 2.89, meaning bulls need an upside of 18.34% from its recent market value. According to analyst projections, HYZN’s forecast low is 2.78 with 3 as the target high. To hit the forecast high, the stock’s price needs a -27.12% plunge from its current level, while the stock would need to soar -17.8% for it to hit the projected low.

Hyzon Motors Inc (HYZN) estimates and forecasts

Year-over-year growth is forecast to reach 3,628.80% up from the last financial year.

1 analysts are of the opinion that Hyzon Motors Inc’s revenue for the current quarter will be 1M. The estimates for the next quarter sales put growth at 239.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -722.29%. The 2024 estimates are for Hyzon Motors Inc earnings to increase by 22.23%.

HYZN Dividends

Hyzon Motors Inc is expected to release its next quarterly earnings report on 2024-Nov-12.

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

If we look at who the major shareholders are, we find that insiders hold 23.70% of Hyzon Motors Inc shares while 12.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 16.67%. There are 12.72% institutions holding the Hyzon Motors Inc stock share, with LONG FOCUS CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 6.126% of the shares, roughly 15.02 million HYZN shares worth $4.82 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 1.6969% or 4.16 million shares worth $1.34 million as of 2024-06-30.