Hyzon Motors (NASDAQ:HYZN) Stock Price Down 5%

Shares of Hyzon Motors Inc. (NASDAQ:HYZN) were down 5% on Monday . The stock traded as low as $2.45 and last traded at $2.48. Approximately 45,922 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 91,899 shares. The stock had previously closed at $2.61.

Hyzon Motors Stock Down 8.8 %

The firm’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $0.59. The stock has a market capitalization of $588.80 million, a P/E ratio of -3.12 and a beta of 2.87.

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

Insider Transactions at Hyzon Motors

In other 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 transaction of $135,292.70. Following the completion of the transaction, the insider now directly owns 52,848,220 shares in the company, valued at $5,284,822. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 11,722,872 shares of company stock worth $948,109 over the last three months. 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 holdings in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 1.3% during the 1st quarter, according to its most recent disclosure 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 1.53% of Hyzon Motors worth $2,760,000 at the end of the most recent reporting period. 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.