-82.99% percent quarterly performance for Hyzon Motors Inc (HYZN) is not indicative of the underlying story

Hyzon Motors Inc (NASDAQ: HYZN) on Monday, plunged -7.26% from the previous trading day, before settling in for the closing price of $0.10. Within the past 52 weeks, HYZN’s price has moved between $0.07 and $1.43.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 933.08%. The company achieved an average annual earnings per share of 20.67%. With a float of $207.41 million, this company’s outstanding shares have now reached $245.08 million.

Considering the fact that the conglomerate employs 360 people, you should pay attention to its efficiency factor.

Hyzon Motors Inc (HYZN) Insider Activity

Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of Hyzon Motors Inc is 23.15%, while institutional ownership is 15.49%. The most recent insider transaction that took place on Jun 05 ’24, was worth 101,690. In this transaction 10% Owner of this company sold 199,392 shares at a rate of $0.51, taking the stock ownership to the 89,034,094 shares. Before that another transaction happened on Jun 04 ’24, when Company’s 10% Owner sold 217,971 for $0.52, making the entire transaction worth $113,345. This insider now owns 89,233,486 shares in total.

Hyzon Motors Inc (HYZN) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 20.67% per share during the next fiscal year.

Hyzon Motors Inc (NASDAQ: HYZN) Trading Performance Indicators

Hyzon Motors Inc (HYZN) is currently performing well based on its current performance indicators. A quick ratio of 2.77 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.38.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.77, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.53 in one year’s time.

Technical Analysis of Hyzon Motors Inc (HYZN)

Compared to the last year’s volume of 1.93 million, its volume of 28.91 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 22.15%. Additionally, its Average True Range was 0.03.

During the past 100 days, Hyzon Motors Inc’s (HYZN) raw stochastic average was set at 2.35%, which indicates a significant decrease from 21.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 150.18% in the past 14 days, which was higher than the 140.53% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.3019, while its 200-day Moving Average is $0.6350. Nevertheless, the first resistance level for the watch stands at $0.1023 in the near term. At $0.1140, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1206. If the price goes on to break the first support level at $0.0840, it is likely to go to the next support level at $0.0774. Should the price break the second support level, the third support level stands at $0.0657.

Hyzon Motors Inc (NASDAQ: HYZN) Key Stats

Market capitalization of the company is 24.48 million based on 247,397K outstanding shares. Right now, sales total 300 K and income totals -184,040 K. The company made 9,980 K in profit during its latest quarter, and -34,230 K in sales during its previous quarter.