Hyzon Motors Inc. (NASDAQ:HYZN – Get Free Report)’s share price dropped 6% on Thursday . The company traded as low as $2.36 and last traded at $2.37. Approximately 24,172 shares traded hands during trading, a decline of 71% from the average daily volume of 82,541 shares. The stock had previously closed at $2.52.
Hyzon Motors Stock Performance
The firm has a market cap of $588.80 million, a price-to-earnings ratio of -3.08 and a beta of 2.88. The firm’s 50 day moving average is $0.19 and its 200-day moving average is $0.44.
Hyzon Motors (NASDAQ:HYZN – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). The firm had revenue of $0.31 million during the quarter, compared to analyst estimates of $1.00 million. During the same quarter in the previous year, the firm earned ($0.25) EPS. As a group, research analysts predict that Hyzon Motors Inc. will post -0.58 EPS for the current year.
Insider Activity at Hyzon Motors
Hedge Funds Weigh In On Hyzon Motors
An institutional investor recently raised its position in Hyzon Motors stock. Vanguard Group Inc. boosted its stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN – Free Report) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,745,622 shares of the company’s stock after buying an additional 48,833 shares during the period. Vanguard Group Inc. owned approximately 1.53% of Hyzon Motors worth $2,760,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 61.41% of the company’s stock.
About Hyzon Motors
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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