Stocks of Hyzon Motors Inc (NASDAQ:HYZN) traded higher last session on Wall Street, up 4.84% to $0.16.
HYZN stock price is now -59.96% away from the 50-day moving average and -76.88% away from the 200-day moving average. The market capitalization of the company currently stands at $43.29M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $7 to $3, Wedbush Downgraded its rating from Outperform to Neutral for Hyzon Motors Inc (NASDAQ: HYZN). , while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, HORIZON FUEL CELL TECHNOLOGIES, 10% Owner sold 199,392 shares of the company’s stock on Jun 05 ’24. The stock was sold for $101,690 at an average price of $0.51. Upon completion of the transaction, the 10% Owner now directly owns 89,034,094 shares in the company, valued at $14.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, 10% Owner HORIZON FUEL CELL TECHNOLOGIES sold 217,971 shares of the business’s stock. A total of $113,345 was realized by selling the stock at an average price of $0.52. This leaves the insider owning 89,233,486 shares of the company worth $14.28 million. A total of 23.15% of the company’s stock is owned by insiders.
During the past 12 months, Hyzon Motors Inc has had a low of $0.12 and a high of $2.17. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 3.43, and a quick ratio of 2.77. The fifty day moving average price for HYZN is $0.39276 and a two-hundred day moving average price translates $0.68852 for the stock.
The latest earnings results from Hyzon Motors Inc (NASDAQ: HYZN) was released for 2024-03-31. The net profit margin was -1829.33% and return on equity was -99.73% for HYZN.
