Hyzon Motors (NASDAQ:HYZN) Shares Up 37.3% - Still a Buy?

Hyzon Motors Inc. (NASDAQ:HYZN - Get Free Report)'s share price shot up 37.3% on Tuesday . The stock traded as high as $3.34 and last traded at $2.65. 24,952,855 shares were traded 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 Trading Up 32.1 %

The firm has a market capitalization of $630.86 million, a price-to-earnings ratio of -3.31 and a beta of 2.85. The company has a fifty day moving average price of $2.68 and a two-hundred day moving average price of $14.73.

Hyzon Motors (NASDAQ:HYZN - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($10.50) earnings per share for the quarter, missing the consensus estimate of ($7.50) by ($3.00). The firm had revenue of $0.31 million during the quarter, compared to analyst estimates of $1.00 million. During the same quarter in the prior year, the company posted ($12.50) EPS.

Insider Activity at Hyzon Motors

In other Hyzon Motors news, major shareholder Fuel Cell Technologies Horizon sold 28,220 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of $5.00, for a total transaction of $141,100.00. Following the transaction, the insider now directly owns 1,028,743 shares in the company, valued at $5,143,715. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 234,455 shares of company stock worth $948,098. Insiders own 1.70% of the company's stock.

Institutional Trading of Hyzon Motors

An institutional investor recently raised its position in Hyzon Motors stock. Vanguard Group Inc. boosted its holdings in Hyzon Motors Inc. (NASDAQ:HYZN - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,745,622 shares of the company's stock after buying an additional 48,833 shares during the quarter. Vanguard Group Inc. owned approximately 1.53% of Hyzon Motors worth $2,760,000 at the end of the most recent quarter. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

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.