In What Direction Will Hyzon Motors Inc.’s (NASDAQ:HYZN) Stock Goes From Here?

Hyzon Motors Inc. (NASDAQ: HYZN) closed the day trading at $1.06 up 6.00% from the previous closing price of $1.00. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 1173257 shares were traded. HYZN stock price reached its highest trading level at $1.1400 during the session, while it also had its lowest trading level at $1.0500.

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For a better understanding of HYZN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.10 and its Current Ratio is at 14.90. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on August 05, 2022, Downgraded its rating to Neutral and sets its target price to $3 from $7 previously.

DA Davidson Downgraded its Buy to Neutral on August 05, 2022, whereas the target price for the stock was revised from $12 to $4.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 27 when HORIZON FUEL CELL TECHNOLOGIES sold 3,769,592 shares for $1.71 per share. The transaction valued at 6,446,002 led to the insider holds 151,869,414 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 43.27 while its Price-to-Book (P/B) ratio in mrq is 0.71.

Stock Price History:

Over the past 52 weeks, HYZN has reached a high of $6.57, while it has fallen to a 52-week low of $1.00. The 50-Day Moving Average of the stock is 1.6412, while the 200-Day Moving Average is calculated to be 2.2614.

Shares Statistics:

Over the past 3-months, HYZN traded about 1.13M shares per day on average, while over the past 10 days, HYZN traded about 1M shares per day. A total of 247.94M shares are outstanding, with a floating share count of 86.99M. Insiders hold about 63.40% of the company’s shares, while institutions hold 20.00% stake in the company. Shares short for HYZN as of Jan 30, 2023 were 18.55M with a Short Ratio of 17.94M, compared to 20.14M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.48% and a Short% of Float of 21.29%.

Earnings Estimates

Current recommendations for the stock of the company come from 0 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.11 and low estimates of -$0.14.

Analysts are recommending an EPS of between -$0.4 and -$0.47 for the fiscal current year, implying an average EPS of -$0.43. EPS for the following year is -$0.32, with 2 analysts recommending between -$0.26 and -$0.38.

Revenue Estimates

A total of 2 analysts have provided revenue estimates for HYZN’s current fiscal year. The highest revenue estimate was $83.25M, while the lowest revenue estimate was $4M, resulting in an average revenue estimate of $43.62M. In the same quarter a year ago, actual revenue was $6.05M, up 621.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $224.95M in the next fiscal year. The high estimate is $381.9M and the low estimate is $68M. The average revenue growth estimate for next year is up 415.70% from the average revenue estimate for this year.