Hyzon Motors (NASDAQ:HYZN) Sees Unusually-High Trading Volume

Hyzon Motors Inc. (NASDAQ:HYZN) shares saw unusually-high trading volume on Monday . Approximately 77,717 shares changed hands during trading, a decline of 8% from the previous session’s volume of 84,197 shares.The stock last traded at $2.47 and had previously closed at $2.25.

Hyzon Motors Stock Performance

The stock’s 50-day simple moving average is $0.36 and its 200 day simple moving average is $0.49. The company has a market capitalization of $618.49 million, a PE ratio of -3.25 and a beta of 2.87.

Hyzon Motors (NASDAQ:HYZN) last posted its earnings results on Tuesday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The company had revenue of $0.31 million during the quarter, compared to analysts’ expectations of $1.00 million. During the same quarter in the previous year, the business earned ($0.25) earnings per share. On average, analysts expect that Hyzon Motors Inc. will post -29 earnings per share for the current year.

Insider Transactions at Hyzon Motors

In related news, major shareholder Fuel Cell Technologies Horizon sold 1,352,927 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $0.10, for a total value of $135,292.70. Following the completion of the transaction, the insider now directly owns 52,848,220 shares of the company’s stock, valued at $5,284,822. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 11,722,872 shares of company stock valued at $948,109. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hyzon Motors stock. Vanguard Group Inc. boosted its stake in Hyzon Motors Inc. (NASDAQ:HYZN) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,745,622 shares of the company’s stock after acquiring an additional 48,833 shares during the period. Vanguard Group Inc. owned 1.53% of Hyzon Motors worth $2,760,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 61.41% of the company’s stock.

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.