Hyzon Motors (NASDAQ:HYZN) Stock Price Down 4.6%

Hyzon Motors Inc. (NASDAQ:HYZN)’s stock price dropped 4.6% during trading on Monday . The stock traded as low as $0.57 and last traded at $0.57. Approximately 509,924 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 508,664 shares. The stock had previously closed at $0.60.

Analyst Ratings Changes

A number of analysts have issued reports on HYZN shares. Roth Mkm reaffirmed a “buy” rating and set a $1.60 price target on shares of Hyzon Motors in a report on Monday, March 25th. Roth Capital restated a “buy” rating on shares of Hyzon Motors in a research report on Wednesday, March 6th.

Hyzon Motors Stock Down 4.6 %

The stock has a market capitalization of $140.79 million, a price-to-earnings ratio of -0.77 and a beta of 3.06. The company has a fifty day moving average of $0.68 and a two-hundred day moving average of $0.82.

Hyzon Motors (NASDAQ:HYZN) last issued its earnings results on Friday, March 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The business had revenue of $0.30 million for the quarter, compared to analysts’ expectations of $0.20 million. Equities analysts anticipate that Hyzon Motors Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Hyzon Motors

In other Hyzon Motors news, major shareholder Fuel Cell Technologies Horizon sold 4,000,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $0.40, for a total value of $1,600,000.00. Following the sale, the insider now owns 92,647,986 shares of the company’s stock, valued at $37,059,194.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is currently owned by insiders.

Institutional Trading of Hyzon Motors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its stake in shares of Hyzon Motors by 64.8% during the 3rd quarter. Citigroup Inc. now owns 103,229 shares of the company’s stock worth $129,000 after purchasing an additional 40,583 shares during the period. FNY Investment Advisers LLC purchased a new stake in Hyzon Motors in the 4th quarter valued at about $108,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Hyzon Motors by 18.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,242,052 shares of the company’s stock valued at $1,553,000 after buying an additional 197,144 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Hyzon Motors Company Profile

Hyzon Motors Inc supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing.