Hyzon Motors Inc. (HYZN) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Hyzon Motors Inc. (NASDAQ: HYZN) stock jumped 6.60% on Monday to $2.10 against a previous-day closing price of $1.97. With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.78 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.1250 whereas the lowest price it dropped to was $1.9400. The 52-week range on HYZN shows that it touched its highest point at $6.57 and its lowest point at $1.37 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 up-trending over the past week, with a rise of 6.60%, but this was up by 28.83% over a month. Three-month performance surged to 30.43% while six-month performance fell -41.34%. The stock lost -52.49% in the past year, while it has gained 35.48% 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.

Float and Shares Shorts:

At present, 247.94 million HYZN shares are outstanding with a float of 86.99 million shares on hand for trading. On Dec 29, 2022, short shares totaled 20.14 million, which was 8.12% higher than short shares on Nov 29, 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 20.36% of HYZN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.44% of HYZN, in contrast to 11.82% held by mutual funds. Shares owned by individuals account for 0.56%. 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 2.68% stake in HYZN, the Invesco WilderHill Clean Energy E is the largest stakeholder. A total of 6,651,816 shares are owned by the mutual fund manager. The L&G Hydrogen Economy UCITS ETF, which owns about 2.59% of HYZN stock, is the second-largest Mutual Fund holder. It holds 6,427,500 shares valued at 9.96 million. Green Benefit – Global Impact Fun holds 1.03% of the stake in HYZN, owning 2,543,041 shares worth 3.94 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, HYZN reported revenue of $356.00k and operating income of -$26.75M. Over the past year, revenue came in at $6.41M while operating income stood at -$124.35M. It generated -$9.06M net income for the quarter, which came to -$14.76M over the last twelve months. The EBITDA in the recently reported quarter was -$42.08M and diluted EPS was -$0.03. EBITDA for the full year was -$138.70M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HYZN since 3 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 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 90.48% to reach the target high and rise by 90.48% to reach the target low. Reaching the average price target will result in a growth of 90.48% 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 03/20/2024. Analysts have provided yearly estimates in a range of -$0.37 being high and -$0.49 being low. For HYZN, this leads to a yearly average estimate of -$0.43. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Hyzon Motors Inc. surprised analysts by -$0.02 when it reported -$0.13 EPS against a consensus estimate of -$0.11. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.16. The average estimate for the next quarter is thus -$0.14.

Summary of Insider Activity:

Insiders traded HYZN stock several times over the past three months with 6 Buys and 1 Sells. In these transactions, 35,766 shares were bought while 3,769,592 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 212,966 while 3,835,643 shares were sold.

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