Hyzon Motors Inc. (NASDAQ:HYZN – Get Free Report)’s share price was down 7.9% on Wednesday . The stock traded as low as $2.25 and last traded at $2.35. Approximately 945,780 shares were traded during mid-day trading, an increase of 244% from the average daily volume of 275,146 shares. The stock had previously closed at $2.55.
Hyzon Motors Stock Performance
The stock has a market capitalization of $462.63 million, a P/E ratio of -2.43 and a beta of 2.85. The company’s fifty day simple moving average is $2.58 and its two-hundred day simple moving average is $14.30.
Hyzon Motors (NASDAQ:HYZN – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported ($10.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($7.50) by ($3.00). The firm had revenue of $0.31 million during the quarter, compared to the consensus estimate of $1.00 million. During the same quarter in the prior year, the business posted ($12.50) EPS.
Insider Activity
Institutional Investors Weigh In On Hyzon Motors
A hedge fund recently raised its stake in Hyzon Motors stock. Vanguard Group Inc. grew its stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN – Free Report) by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,745,622 shares of the company’s stock after acquiring an additional 48,833 shares during the quarter. Vanguard Group Inc. owned about 1.53% of Hyzon Motors worth $2,760,000 as of its most recent SEC filing. 61.41% of the stock is owned by hedge funds and other institutional investors.
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.
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