Hyzon Motors (NASDAQ:HYZN) Sees Strong Trading Volume - Should You Buy?

Shares of Hyzon Motors Inc. (NASDAQ:HYZN - Get Free Report) saw strong trading volume on Friday . 83,684 shares were traded during trading, a decline of 11% from the previous session's volume of 94,272 shares.The stock last traded at $2.07 and had previously closed at $2.00.

Hyzon Motors Stock Performance

The stock has a fifty day simple moving average of $2.79 and a two-hundred day simple moving average of $15.64. The stock has a market capitalization of $507.16 million, a price-to-earnings ratio of -2.66 and a beta of 2.85.

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

Insider Activity

In other news, major shareholder Fuel Cell Technologies Horizon sold 28,220 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $5.00, for a total value of $141,100.00. Following the completion of the sale, the insider now directly owns 1,028,743 shares in the company, valued at $5,143,715. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 234,455 shares of company stock worth $948,098. Company 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. lifted its stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,745,622 shares of the company's stock after buying an additional 48,833 shares during the period. Vanguard Group Inc. owned about 1.53% of Hyzon Motors worth $2,760,000 at the end of the most recent quarter. 61.41% of the stock is owned by 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.