Is It Worthwhile For Investors To Follow These Insider Trades On Heliogen Inc. (HLGN)?

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KOSK Stock
KOSK Stock

Heliogen Inc. (NYSE:HLGN) finished Wednesday with a subtraction of -$0.19 to close at $1.74, a downside of -9.84 percent. An average of 5,076,560 shares of common stock have been traded in the last five days. There was a fall of -$0.6300 in the past week. The last 20 days have seen an average of 2,268,120 shares traded, while the 50-day average volume stands at 1,548,262.

HLGN stock has decreased by -33.84% in the last month. The company shares reached their 1-month lowest point of $1.6800 on 09/21/22. Shares of the company touched a low of $1.75 and a high of $16.35 in 52 weeks. It has reached a new high 1 time so far this year and lost -88.79% or -$13.7800 in price. In spite of this, the price is down -89.36% from the 52-week high.


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Insider Transactions

28 days have passed since Heliogen Inc. (HLGN) last reported insider trading activity. NeoTribe Partners I, LLC, who is 10% Owner, most recently acquired $111,263 shares at $2.48 per share on Aug 25. In this transaction, the insider spent $276,400. 10% Owner, NeoTribe Partners I, LLC, disposed of 138,665 shares at a price of $2.55 on Aug 24. The insider now owns more than $353,956 worth of shares. Prior to that, 10% Owner NeoTribe Partners I, LLC went on to Sale 159,747 shares at $2.42 each on Aug 23. An amount of $386,332 was transacted.

Valuation Metrics

Heliogen Inc. (HLGN) has a trailing price-to-sales (P/S) ratio at 24.27, the price-to-book (PB) ratio at 1.96.

Financial Health

The quick ratio of Heliogen Inc. for the three months ended June 29 was 3.90, and the current ratio was 3.90, 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 quarter ending June 29. Its gross profit as reported stood at -$0.64 million compared to revenue of $8.8 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, Heliogen Inc.’s return on assets was -72.80%.

Earnings Surprise

For the three-month period that ended June 29, Heliogen Inc. had $30000.0 in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$20.22 million in the quarter, while revenues of -$58.97 million were grew 105.04%. The analyst consensus anticipated Heliogen Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.11, a -83.30% surprise. For the quarter, EBITDA amounted to -$28.04 million. Shareholders own equity worth $190.35 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Heliogen Inc. (HLGN) price momentum. RSI 9-day as of the close on 21 September was 31.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 93.79%.

As of today, HLGN’s price is $2.0080 -26.58% or -$0.6300 from its 5-day moving average. HLGN is currently trading -27.80% lower than its 20-day SMA and -56.17% lower than its 100-day SMA. However, the stock’s current price level is -17.14% below the SMA50.

The stochastic %K and %D were 3.26% and 8.47%, respectively, and the average true range (ATR) was 0.2444. With the 14-day stochastic at 6.67% and the average true range at 0.2538, the RSI (14) stands at 37.03%. The stock has reached -0.2644 on the 9-day MACD Oscillator while the 14-day reading was at -0.3021.

Analyst Ratings

Citigroup launched coverage on Heliogen Inc. (NYSE: HLGN) in its analyst report released on January 25, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Heliogen Inc. (HLGN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HLGN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $5.00 and $19.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Heliogen Inc. (HLGN) stock is $12.00.

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