Hyzon Motors Inc. (NASDAQ: HYZN) stock fell -1.64% on Monday to $1.20 against a previous-day closing price of $1.22. With 0.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.62 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.2600 whereas the lowest price it dropped to was $1.1900. The 52-week range on HYZN shows that it touched its highest point at $2.35 and its lowest point at $0.45 during that stretch. Beta for the stock currently stands at 3.20.
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 -6.25%, but this was up by 3.45% over a month. Three-month performance surged to 71.43% while six-month performance rose 18.81%. The stock lost -40.00% in the past year, while it has lost -22.58% so far this year. A look at the trailing 12-month EPS for HYZN yields -0.64 with Next year EPS estimates of -0.57. For the next quarter, that number is -0.16. This implies an EPS growth rate of -117.90% for this year and 19.70% for next year.
Float and Shares Shorts:
At present, 244.63 million HYZN shares are outstanding with a float of 90.24 million shares on hand for trading. On Aug 30, 2023, short shares totaled 11.6 million, which was 4.74% higher than short shares on Jul 30, 2023. In addition to Mr. Parker Stewart Meeks as the firm’s CEO & Director, Mr. Pat Griffin serves as its Pres of North America.
Through their ownership of 24.85% of HYZN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.36% of HYZN, in contrast to 8.45% held by mutual funds. Shares owned by individuals account for 0.71%. As the largest shareholder in HYZN with 5.68% of the stake, Long Focus Capital Management LLC holds 13,905,729 shares worth 13,905,729. A second-largest stockholder of HYZN, Norges Bank Investment Management, holds 6,500,000 shares, controlling over 2.66% of the firm’s shares. green benefit AG is the third largest shareholder in HYZN, holding 4,675,231 shares or 1.91% stake. With a 2.66% stake in HYZN, the Government Pension Fund – Global is the largest stakeholder. A total of 6,500,000 shares are owned by the mutual fund manager. The Green Benefit – Global Impact Fun, which owns about 1.91% of HYZN stock, is the second-largest Mutual Fund holder. It holds 4,675,231 shares valued at 5.94 million. L&G Hydrogen Economy UCITS ETF holds 1.76% of the stake in HYZN, owning 4,314,414 shares worth 5.48 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 Jun 29, 2023, HYZN reported revenue of $46.00k and operating income of -$31.87M. The EBITDA in the recently reported quarter was -$35.69M and diluted EPS was $0.16.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HYZN since 0 analysts follow the stock currently. 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 $1.00 and a low target of $1.00, the average target price over the next 12 months is $1.00. Based on these targets, HYZN could drop -16.67% to reach the target high and fall by -16.67% to reach the target low. Reaching the average price target will result in a decline of -16.67% 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.
Summary of Insider Activity:
Insiders traded HYZN stock several times over the past three months with 8 Buys and 1 Sells. In these transactions, 214,749 shares were bought while 8,329 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 409,995 while 3,842,423 shares were sold.