Hyzon Motors Inc. (NASDAQ:HYZN – Get Free Report)’s share price rose 37.3% on Tuesday . The company traded as high as $3.34 and last traded at $2.65. Approximately 24,952,855 shares were traded during trading, an increase of 11,372% from the average daily volume of 217,518 shares. The stock had previously closed at $1.93.
Hyzon Motors Stock Performance
The firm has a market cap of $599.47 million, a P/E ratio of -3.51 and a beta of 2.85. The business has a 50-day simple moving average of $2.68 and a 200 day simple moving average of $14.73.
Hyzon Motors (NASDAQ:HYZN – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($10.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($7.50) by ($3.00). The company had revenue of $0.31 million for the quarter, compared to the consensus estimate of $1.00 million. During the same period in the prior year, the firm posted ($12.50) earnings per share.
Insider Buying and Selling
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Hyzon Motors stock. Vanguard Group Inc. lifted its stake in Hyzon Motors Inc. (NASDAQ:HYZN – Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,745,622 shares of the company’s stock after purchasing an additional 48,833 shares during the period. Vanguard Group Inc. owned 1.53% of Hyzon Motors worth $2,760,000 at the end of the most recent reporting period. 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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