Hyzon Motors Inc [NASDAQ: HYZN] loss -27.75% or -0.02 points to close at $0.05 with a heavy trading volume of 32583442 shares.
The daily chart for HYZN points out that the company has recorded -92.48% loss over the past six months.
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If we look at the average trading volume of 4.84M shares, HYZN reached to a volume of 32583442 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Hyzon Motors Inc [HYZN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HYZN shares is $1.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HYZN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Hyzon Motors Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 05, 2022. The new note on the price target was released on August 05, 2022, representing the official price target for Hyzon Motors Inc stock. Previously, the target price had yet another drop from $12 to $4, while DA Davidson kept a Neutral rating on HYZN stock. On April 06, 2022, analysts decreased their price target for HYZN shares from 12 to 6.
The Average True Range (ATR) for Hyzon Motors Inc is set at 0.03, with the Price to Sales ratio for HYZN stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 0.25, with the Price to Cash per share for the same quarter was set at 0.20.
Trading performance analysis for HYZN stock
Hyzon Motors Inc [HYZN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -44.89. With this latest performance, HYZN shares dropped by -81.02% in over the last four-week period, additionally sinking by -92.48% over the last 6 months – not to mention a drop of -95.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HYZN stock in for the last two-week period is set at 22.08, with the RSI for the last a single of trading hit 20.01, and the three-weeks RSI is set at 24.11 for Hyzon Motors Inc [HYZN]. The present Moving Average for the last 50 days of trading for this stock 0.2652, while it was recorded at 0.0742 for the last single week of trading, and 0.6188 for the last 200 days.
Hyzon Motors Inc [HYZN]: A deeper dive into fundamental analysis
Hyzon Motors Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.76 and a Current Ratio set at 1.99.
Hyzon Motors Inc [HYZN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Hyzon Motors Inc posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HYZN.
An analysis of Institutional ownership at Hyzon Motors Inc [HYZN]
The top three institutional holders of HYZN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HYZN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HYZN stock with ownership which is approximately 5.1238%.
