Does Hyzon Motors Inc. (HYZN) offer a good opportunity for investors?

Hyzon Motors Inc. (NASDAQ: HYZN) stock jumped 1.86% on Wednesday to $1.64 against a previous-day closing price of $1.61. With 0.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.28 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.6600 whereas the lowest price it dropped to was $1.5900. The 52-week range on HYZN shows that it touched its highest point at $8.44 and its lowest point at $1.57 during that stretch. It currently has a 1-year price target of $5.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HYZN was down-trending over the past week, with a drop of -4.09%, but this was down by -10.87% over a month. Three-month performance dropped to -26.13% while six-month performance fell -60.67%. The stock lost -78.84% in the past year, while it has lost -74.73% so far this year. A look at the trailing 12-month EPS for HYZN yields -0.06 with Next year EPS estimates of -0.27. For the next quarter, that number is -0.10. This implies an EPS growth rate of -17.50% for this year and 34.10% for next year.

Float and Shares Shorts:

At present, 247.94 million HYZN shares are outstanding with a float of 87.01 million shares on hand for trading. On Oct 13, 2022, short shares totaled 18.92 million, which was 7.63% higher than short shares on Sep 14, 2022. In addition to Mr. Parker Stewart Meeks as the firm’s Pres & Interim CEO, Mr. Samuel Chong serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 20.38% of HYZN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.57% of HYZN, in contrast to 11.63% held by mutual funds. Shares owned by individuals account for 0.55%. As the largest shareholder in HYZN with 3.05% of the stake, Invesco Capital Management LLC holds 7,555,835 shares worth 7,555,835. A second-largest stockholder of HYZN, Legal & General Investment Manage, holds 6,204,385 shares, controlling over 2.50% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in HYZN, holding 5,097,943 shares or 2.06% stake. With a 2.88% stake in HYZN, the Invesco WilderHill Clean Energy E is the largest stakeholder. A total of 7,136,193 shares are owned by the mutual fund manager. The L&G Hydrogen Economy UCITS ETF, which owns about 2.54% of HYZN stock, is the second-largest Mutual Fund holder. It holds 6,297,555 shares valued at 12.03 million. Green Benefit – Global Impact Fun holds 1.03% of the stake in HYZN, owning 2,543,041 shares worth 4.86 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HYZN since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HYZN analysts setting a high price target of $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, HYZN could surge 143.9% to reach the target high and rise by 143.9% to reach the target low. Reaching the average price target will result in a growth of 143.9% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HYZN will report FY 2022 earnings on 03/22/2023. Analysts have provided yearly estimates in a range of -$0.37 being high and -$0.37 being low. For HYZN, this leads to a yearly average estimate of -$0.37. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Hyzon Motors Inc. surprised analysts by -$0.01 when it reported -$0.11 EPS against a consensus estimate of -$0.10. The surprise factor in the prior quarter was $0.06. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.11.

Summary of Insider Activity:

Insiders traded HYZN stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 17,720 shares were bought while 5,192 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 177,200 while 66,051 shares were sold.

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