Hyzon Motors (NASDAQ:HYZN) Trading Up 37.3% – What’s Next?

Hyzon Motors Inc. (NASDAQ:HYZN)’s stock price traded up 37.3% on Tuesday . The stock traded as high as $3.34 and last traded at $2.65. 24,952,855 shares changed hands during trading, an increase of 11,372% from the average session volume of 217,518 shares. The stock had previously closed at $1.93.

Hyzon Motors Price Performance

The stock has a market capitalization of $599.47 million, a P/E ratio of -3.51 and a beta of 2.85. The stock’s 50-day simple moving average is $2.68 and its 200 day simple moving average is $14.73.

Hyzon Motors (NASDAQ:HYZN) last posted its quarterly earnings data 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 business had revenue of $0.31 million for the quarter, compared to analysts’ expectations of $1.00 million. During the same period in the prior year, the company earned ($12.50) earnings per share.

Insider Activity

In other Hyzon Motors news, major shareholder Fuel Cell Technologies Horizon sold 27,058 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.00, for a total value of $135,290.00. Following the transaction, the insider now directly owns 1,056,964 shares of the company’s stock, valued at approximately $5,284,820. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 234,455 shares of company stock worth $948,098 in the last three months. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Hyzon Motors

A hedge fund recently raised its stake in Hyzon Motors stock. Van ECK Associates Corp boosted its position in Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,022,830 shares of the company’s stock after acquiring an additional 111,431 shares during the period. Van ECK Associates Corp owned 0.41% of Hyzon Motors worth $328,000 as of its most recent SEC filing. 61.41% of the stock is owned by institutional investors and hedge funds.

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.