HYZN Spectral Accumulation PatternThe pattern was pure in August, but then had a long slow decay tail leading up to the current premarket surge. If it's possible to pick-up HYZN on a dip to fill the premarket gap, it's definitely a potential 5x and even 10x play. On TV platform, it's not possible to provide the full analysis because PineScript doesn't provide access to raw trades data, nor does it provide users with the number of trades in each bar (only the total number of shares traded). Suffice to say, this stock looks even better when the trade volume is factored in, which is why I'm willing to take the risk even with the long decay tail (which is not ideal). With microcaps (HYZN is currently at $10M market cap from the previous close), the risk is always infinite and relentless dilution. Let's see what happens.
HYZN trade ideas
5/13/24 - $hyzn - tough own without any real catalyst5/13/24 - vrockstar - hard to own NASDAQ:HYZN , period. i love the idea, think the tech could be deployed so many places, but with >$100 mm in the bank and burning >$100 mm a year, the risk reward isn't justified until they put up a good print and really speak to what the F they're spending >$100 mm on SG&A for. I get the $40 mm R&D budget, but also one could argue these should be REVERSED until they get some obvious sales traction *then* to hire the sales staff. The prior quarter also had me wondering if i had finally "missed" the boat with the whiff on revenue only to see a retrace and pop higher. i stayed on the sidelines and now entering this Q I have even more negative thoughts after seeing that price action - any bid here probably sees an oppty for holders to DUMP and UNLESS there's something fundamentally changed. Realistically, this sort of tech is probably worst suited for commercial wins/ trials + buyout in this rates environment. Dilution continues. all else equal i'll have to stay out of the pool here, even though it remains on my watchlist. Idk if there's a price where i'd be an interested buyer - it probably depends more on the catalyst/ revenue picture manifesting than any particular price at this point (which sadly, i think is probably tending to $0 unless something changes). careful and probably not a bad place to do some trimming/ PnL mitigation unless you're deep on this subject and think we're near the inflection. in which case pls comment below and let's ride this higher. i'm all ears to hear the alternative and i hate being the bearer of somber news but just the way i see it.
$HYZN Do Or DieThe emerging global supplier of hydrogen fuel cell EVs Hyzon Motors Inc. (NASDAQ: HYZN) stock is in a dire state since its stock is down more than 60% YTD. HYZN also suffers from cash burn problems, which may pose a problem for HYZN’s future. However, HYZN stock could be set for a rebound soon thanks to its recent deal with Chevron Corporation (NYSE: CVX) which might improve the company’s long-term prospects.
HYZN Fundamentals
Most EV stocks are down since the start of the year due to production cuts and other supply chain problems and HYZN stock is no different. HYZN stock is down more than 60% YTD and almost 95% since its IPO back in 2020.
Unsustainable Cash Burn
The reason for HYZN’s steep drop could be due to its extremely high cash burn rate with its current cash balance sufficient to keep the company operating until mid-2024 at its current cash burn rate. Based on this, HYZN may resort to diluting its shares to raise capital which might see the stock further plummeting. On that note, HYZN is facing the risk of being delisted as it is not compliant with the NASDAQ minimum bid price requirement of $1.
A Ray Of Hope
It is not all doom and gloom for HYZN, though as earlier this year HYZN collaborated with oil giant Chevron and Raven SR to produce hydrogen from green waste in Northern California. The new facility is expected to become operational in Q1 2024 and will be owned by a newly formed company – Raven SR S1 LLC – which is 50% owned by Chevron, 30% owned by Raven, and 20% owned by HYZN. Through this facility, HYZN would be able to provide full-service vehicle leases which would lower the fleet’s total cost ownership – increasing demand for HYZN’s hydrogen fuel cell EVs. At the same time, collaborating with an industry giant like Chevron is proof that HYZN’s future prospects may be bright.
HYZN can also capitalize on the public’s consciousness that hydrogen cells are more environmentally friendly, since lithium mining, which is essential for electric batteries, is extremely harmful to the environment. With HYZN Q1 2023 earnings coming up on June 8, if HYZN can show improvements regarding its cash burn, it may change investors’ perception of HYZN stock.
Short Data
If that is the case, HYZN stock could witness a short squeeze since it currently has a 23.6% short interest, 27% of its float on loan, and a 100% utilization rate. Based on these figures, HYZN stock may soar on positive financial results, however, it is worth noting that HYZN may file for an extension since it has a history of not filing its earnings on time.
HYZN Financials
In its 2022 annual report, HYZN’s assets decreased 25% YoY from $496 million to $374 million, and its cash and cash equivalents decreased 86% YoY from $445 million to $60 million. HYZN’s total liabilities decreased by 58% YoY from $160 million to $67 million.
Revenue also increased 4700% YoY from an $80 thousand loss to $3.7 million. Operating costs increased almost 86% from $98 million to $176 million, which contributed to operating loss increasing 79% YoY from $99 million to $172 million. As a result, HYZN’s net loss increased 220% YoY to $54 million.
Technical Analysis
HYZN stock’s trend is neutral with the stock trading in a sideways channel between $0.55 and $0.64. Looking at the indicators, the stock is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is neutral at 41 and the MACD is approaching a bullish crossover.
As for the fundamentals, HYZN has a near-term catalyst in its Q1 2023 earnings and a long-term catalyst which is the new facility commencing operations in Q1 2024. With the stock trading near support, investors could find the current PPS a good entry point in HYZN stock ahead of its catalysts.
HYZN Forecast
HYZN is currently in a tough spot since, at its current cash burn rate, it may be forced to raise additional capital by mid-2024. With that said, HYZN still shows some positive signs with its collaboration with Chevron and Raven SR. Furthermore, HYZN’s status as a hydrogen fuel cell EV maker increases its future growth prospects since lithium-based batteries, which most EV companies use, have a devastating effect on the environment. If HYZN can solve its liquidity problems, it can be a good stock to keep an eye on, but until then, it might be better to watch from afar.
Downtrend! 3$ could be a good entry?HYZN shows downtrend channel below 200 and 50 EMA and never break it to up trend. The chart shows a very clear sequence of pumps during downtrend and I expect 3$ is a good entry if the pumps sequence will repeat it self resulting that 4.3 - 4.7$ would be a good price for sell, before break down heading to 3$ or below! This is not a financial advice, and it is personal interpretation could be right or wrong! Please trade safely NASDAQ:HYZN
Hyzon Motors Inc (HYZN)$HYZN
BIG FUTURE IS COMING
Hyzon Motors, which some people call the "Tesla of Hydrogen Gas", might be among the most speculative companies that I am aware of in the market today.
The company's ultimate goal is to replace polluting diesel-powered trucks and buses with environmentally friendly hydrogen fuel cell powered solutions.
The financials from Q3 2021 were ugly, as the company only earned $1 million in revenues, with $50 million in operating expenses. This is a very early-stage company.
$HYZN - Another low priced meme stock with expensive DOTM callsOn the back of our early success with yesterday’s bullish call spread on $ATER up 10.53% today.. we’ve found another similar play.. a low priced meme stock getting huge volumes but not yet blown out with a RSI of only 65.. $HYZN was up 23% today on 8m shares traded, whilst not huge yet it could be.. and as usual with these low priced meme stocks option dealers are forced to price calls higher than puts (opposite of most stocks) to account for melt-up risk, so to take advantage of the right sided skew we buy a bullish call spread.. we’re looking at the OCT’15 $10/15 call spread for a debit of $1.15 and potential reward of $3.85 giving us a reward/risk of 3.34..
