Hyzon Motors (NASDAQ:HYZN) Shares Gap Up – What’s Next?

Hyzon Motors Inc. (NASDAQ:HYZN) gapped up prior to trading on Monday . The stock had previously closed at $2.05, but opened at $2.13. Hyzon Motors shares last traded at $2.06, with a volume of 61,120 shares.

Hyzon Motors Price Performance

The company has a market cap of $465.11 million, a price-to-earnings ratio of -2.66 and a beta of 2.85. The company’s 50-day simple moving average is $2.73 and its 200-day simple moving average is $14.99.

Hyzon Motors (NASDAQ:HYZN) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($10.50) earnings per share 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 analyst estimates of $1.00 million. During the same period last year, the firm posted ($12.50) earnings per share.

Insider Transactions at Hyzon Motors

In related news, major shareholder Fuel Cell Technologies Horizon sold 27,058 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $5.00, for a total value of $135,290.00. Following the completion of the transaction, the insider now owns 1,056,964 shares of the company’s stock, valued at approximately $5,284,820. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 234,455 shares of company stock valued at $948,098. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hyzon Motors stock. Vanguard Group Inc. lifted its stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,745,622 shares of the company’s stock after purchasing an additional 48,833 shares during the period. Vanguard Group Inc. owned about 1.53% of Hyzon Motors worth $2,760,000 as of its most recent filing with the SEC. 61.41% of the stock is owned by institutional investors.

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.