Shares of Hyzon Motors Inc. (NASDAQ:HYZN – Get Rating) hit a new 52-week low on Friday . The stock traded as low as $2.47 and last traded at $2.71, with a volume of 138878 shares trading hands. The stock had previously closed at $4.49.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on HYZN shares. The Goldman Sachs Group decreased their target price on shares of Hyzon Motors from $6.00 to $5.25 and set a "neutral" rating for the company in a research note on Thursday, June 23rd. Wedbush downgraded shares of Hyzon Motors from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $7.00 to $3.00 in a research note on Friday. JPMorgan Chase & Co. downgraded shares of Hyzon Motors from an "overweight" rating to an "underweight" rating in a research note on Friday. Melius downgraded shares of Hyzon Motors from a "buy" rating to a "hold" rating in a research note on Friday. Finally, DA Davidson downgraded shares of Hyzon Motors from a "buy" rating to a "neutral" rating and decreased their target price for the company from $12.00 to $4.00 in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $8.25.
Get Hyzon Motors alerts:Hyzon Motors Trading Down 38.3 %
The stock has a market capitalization of $686.68 million, a P/E ratio of -23.42 and a beta of 2.21. The stock's 50 day simple moving average is $3.77 and its 200 day simple moving average is $4.56.
Hyzon Motors (NASDAQ:HYZN – Get Rating) last posted its quarterly earnings data on Friday, May 6th. The company reported ($0.09) EPS for the quarter, meeting analysts' consensus estimates of ($0.09). The company had revenue of $0.36 million for the quarter, compared to the consensus estimate of $8.10 million. On average, sell-side analysts expect that Hyzon Motors Inc. will post -0.36 EPS for the current fiscal year.Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Hyzon Motors by 176.2% in the 1st quarter. Vanguard Group Inc. now owns 3,589,810 shares of the company's stock worth $22,938,000 after buying an additional 2,290,045 shares during the last quarter. Invesco Ltd. bought a new position in shares of Hyzon Motors in the 4th quarter worth about $21,365,000. Hood River Capital Management LLC bought a new position in shares of Hyzon Motors in the 1st quarter worth about $16,377,000. SG Americas Securities LLC lifted its position in shares of Hyzon Motors by 4.5% in the 2nd quarter. SG Americas Securities LLC now owns 981,878 shares of the company's stock worth $2,887,000 after buying an additional 42,049 shares during the last quarter. Finally, Long Focus Capital Management LLC bought a new position in shares of Hyzon Motors in the 4th quarter worth about $4,868,000. 17.32% of the stock is currently owned by institutional investors.
Hyzon Motors Company Profile
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Hyzon Motors Inc, a hydrogen mobility company, provides decarbonized solutions for commercial vehicles market and hydrogen supply infrastructure. The company focuses on assembling and supplying hydrogen-powered FCEVs, including heavy-duty (Class 8) trucks, medium-duty (Class 6) trucks, light-duty (Class 3 and 4) trucks, and 40 and 60-foot (12 and18-meter) city and coach buses to commercial vehicle operators; and building and fostering a clean hydrogen supply ecosystem with leading partners from feedstock through hydrogen production, dispensing, and financing.
Further Reading
- Get a free copy of the StockNews.com research report on Hyzon Motors (HYZN)
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