Hyzon Motors Inc’s recently made public that its 10% Owner HORIZON FUEL CELL TECHNOLOGIES unloaded Company’s shares for reported $35000.0 on Aug 28 ’24. In the deal valued at $0.07 per share,500,000 shares were sold. As a result of this transaction, HORIZON FUEL CELL TECHNOLOGIES now holds 35,478,275 shares worth roughly $39.74 million.
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Then, HORIZON FUEL CELL TECHNOLOGIES sold 2,000,000 shares, generating $180,000 in total proceeds. Upon selling the shares at $0.09, the 10% Owner now owns 35,978,275 shares.
Before that, HORIZON FUEL CELL TECHNOLOGIES sold 2,000,000 shares. Hyzon Motors Inc shares valued at $140,000 were divested by the 10% Owner at a price of $0.07 per share. As a result of the transaction, HORIZON FUEL CELL TECHNOLOGIES now holds 37,978,275 shares, worth roughly $42.54 million.
Wedbush downgraded its Hyzon Motors Inc [HYZN] rating to a Neutral from a an Outperform in a research note published on August 05, 2022; the price target was decreased to $3 from $7. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Underweight”. DA Davidson also remained covering HYZN and has decreased its forecast on August 05, 2022 with a “Neutral” recommendation from previously “Buy” rating. Canaccord Genuity revised its rating on April 06, 2022. It rated HYZN as “a Hold” which previously was an “a Buy”.
Price Performance Review of HYZN
On Friday, Hyzon Motors Inc [NASDAQ:HYZN] saw its stock fall -32.53% to $1.12. Over the last five days, the stock has lost -40.43%. Hyzon Motors Inc shares have fallen nearly -97.50% since the year began. Nevertheless, the stocks have fallen -97.37% over the past one year. While a 52-week high of $46.00 was reached on 04/01/24, a 52-week low of $1.29 was recorded on 12/20/24. SMA at 50 days reached $1.7870, while 200 days put it at $13.9684.
Levels Of Support And Resistance For HYZN Stock
The 24-hour chart illustrates a support level at 0.8567, which if violated will result in even more drops to 0.5933. On the upside, there is a resistance level at 1.4767. A further resistance level may holdings at 1.8333. The Relative Strength Index (RSI) on the 14-day chart is 26.10, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2700, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.65%. Stochastics %K at 12.12% indicates the stock is a buying.
How much short interest is there in Hyzon Motors Inc?
A steep rise in short interest was recorded in Hyzon Motors Inc stocks on 2024-10-31, growing by 0.23 million shares to a total of 0.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.27 million shares. There was a rise of 45.95%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 15, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $7 price target.
