Is Hyliion Holdings Corp. (HYLN) A Good Investment?

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Hyliion Holdings Corp. (NYSE:HYLN) finished Wednesday with a subtraction of -$0.06 to close at $3.07, a downside of -1.92 percent. An average of 1,874,620 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,603,795 shares traded, while the 50-day average volume stands at 1,384,912.

HYLN stock has decreased by -16.80% in the last month. The company shares reached their 1-month lowest point of $2.97 on 09/14/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $2.69 and a high of $9.61 in 52 weeks. It has reached a new high 1 time so far this year and lost -50.48% or -$3.13 in price. In spite of this, the price is down -68.04% from the 52-week high.


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Insider Transactions

149 days have passed since Hyliion Holdings Corp. (HYLN) last reported insider trading activity. Sexton Patrick, who is Chief Technology Officer, most recently acquired $68,579 shares at $3.31 per share on Apr 26. In this transaction, the insider spent $227,065. CHIEF EXECUTIVE OFFICER, Healy Thomas J., disposed of 400,000 shares at a price of $4.47 on Feb 01. The insider now owns more than $1,787,600 worth of shares. Prior to that, Director JENKINS HOWARD M went on to Sale 94,034 shares at $7.00 each on Nov 22. An amount of $658,238 was transacted.

Valuation Metrics

Hyliion Holdings Corp. (HYLN) stock’s beta is 1.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 780.70, the price-to-book (PB) ratio at 1.07.

Financial Health

The quick ratio of Hyliion Holdings Corp. for the three months ended June 29 was 28.10, and the current ratio was 28.10, 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 quarter ending June 29. Its gross profit as reported stood at -$2.54 million compared to revenue of $0.2 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 -20.70%.

Earnings Surprise

For the three-month period that ended June 29, Hyliion Holdings Corp. had $188.87 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$33.48 million in the quarter, while revenues of -$27.11 million were grew 30.59%. The analyst consensus anticipated Hyliion Holdings Corp.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.19, a 5.00% surprise. For the quarter, EBITDA amounted to -$33.45 million. Shareholders own equity worth $174.03 million.

Technical Picture

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 21 September was 33.18%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.14%.

As of today, HYLN’s price is $3.11 +0.66% or $0.02 from its 5-day moving average. HYLN is currently trading -17.91% lower than its 20-day SMA and -8.36% lower than its 100-day SMA. However, the stock’s current price level is -12.29% below the SMA50 and -49.09% below the SMA200.

The stochastic %K and %D were 19.86% and 17.35%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 18.70% and the average true range at 0.18, the RSI (14) stands at 34.94%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.06.

Analyst Ratings

Cantor Fitzgerald downgraded Hyliion Holdings Corp. (NYSE: HYLN) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight.

What is HYLN’s price target for the next 12 months?

Analysts predict a range of price targets between $3.00 and $5.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Hyliion Holdings Corp. (HYLN) stock is $4.00.

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