Hyliion Holdings Corp. (NYSE:HYLN) finished Thursday with an addition of $0.04 to close at $7.74, an upside of 0.52 percent. An average of 3,093,700 shares of common stock have been traded in the last five days. There was a fall of -$0.66 in the past week. The last 20 days have seen an average of 2,585,780 shares traded, while the 50-day average volume stands at 2,542,108.
HYLN stock has decreased by -11.03% in the last month. The company shares reached their 1-month lowest point of $7.54 on 10/06/21. With the stock rallying to its 52-week high on 02/11/21, shares of the company touched a low of $7.54 and a high of $34.13 in 52 weeks. In spite of this, the price is down -77.32% from the 52-week high.
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7 days have passed since Hyliion Holdings Corp. (HYLN) last reported insider trading activity. Pang Stephen S., who is Director, most recently acquired $225,000 shares at $8.12 per share on Oct 01. In this transaction, the insider spent $1,827,023. Director, Cubbage Vincent T., disposed of 100,000 shares at a price of $8.13 on Oct 01. The insider now owns more than $812,960 worth of shares. Prior to that, Director OLKKOLA EDWARD E went on to Sale 100,000 shares at $8.13 each on Oct 01. An amount of $813,000 was transacted.
Hyliion Holdings Corp. (HYLN) has a trailing price-to-earnings (P/E) ratio of 2.93, which compares with the 15.45 for the broader industry and 20.37 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Hyliion Holdings Corp.’s PE ratio has ranged between 11.16 and 4.415. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.19.
The quick ratio of Hyliion Holdings Corp. for the three months ended June 29 was 30.90, and the current ratio was 30.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 For the recent quarter ending June 29. Its gross profit as reported stood at $5.46 million compared to revenue of $22.18 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hyliion Holdings Corp.’s return on assets was 50.10%. For the broader industry, ROE averaged 10.14 over the past year.
For the three-month period that ended June 29, Hyliion Holdings Corp. had $139.98 million in cash. The analyst consensus anticipated Hyliion Holdings Corp.’s latest quarter earnings to come in at -$0.22 per share, but it turned out to be -$0.13, a 40.90% surprise. For the recent quarter, EBITDA amounted to -$22.38 million. Shareholders own equity worth $173.05 million.
From a technical analysis perspective, let’s take a brief look at Hyliion Holdings Corp. (HYLN) price momentum. RSI 9-day as of the close on 07 October was 36.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 74.93%.
As of today, HYLN’s price is $7.84 -7.86% or -$0.66 from its 5-day moving average. HYLN is currently trading -11.85% lower than its 20-day SMA and -13.52% lower than its 100-day SMA. However, the stock’s current price level is -22.60% below the SMA50 and -54.97% below the SMA200.
The stochastic %K and %D were 9.83% and 10.13%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 9.68% and the average true range at 0.44, the RSI (14) stands at 39.26%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -0.52.
Cantor Fitzgerald launched coverage on Hyliion Holdings Corp. (NYSE: HYLN) in its analyst report released on July 06, 2021. The firm assigned the stock a an Overweight rating.The consensus rating for Hyliion Holdings Corp. (HYLN) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HYLN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is HYLN’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $17.00, with a median target of $14.00. Taking a look at these predictions, the average price target given by analysts for Hyliion Holdings Corp. (HYLN) stock is $12.80.