Heliogen Inc. (HLGN): What is the Risk Factor?

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Heliogen Inc. (NYSE:HLGN) saw a downside of -3.40% to close Tuesday at $0.53 after subtracting -$0.02 on the day. The 5-day average trading volume is 2,508,040 shares of the company’s common stock. It has gained $0.6300 in the past week and touched a new high 1 time within the past 5 days. An average of 2,908,045 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,862,832.

HLGN’s 1-month performance is -52.51% or -$0.5881 on its low of $0.4599 reached on 12/22/22. The company’s shares have touched a 52-week low of $0.46 and high of $16.35. YTD, HLGN has lost -96.57% or -$14.9881 and has reached a new high 1 time. However, the current price is down -96.75% from the 52-week high price.


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Insider Transactions

HLGN stock investors last saw insider trading activity on Dec 20.NeoTribe Partners I, LLC (10% Owner) most recently sold 111,263 shares at $2.48 per share on Aug 25. This transaction cost the insider $276,400. 10% Owner, NeoTribe Partners I, LLC, sold 138,665 shares at a price of $2.55 on Aug 24. Then, on Aug 23, 10% Owner NeoTribe Partners I, LLC sold 159,747 shares at a price of $2.42 per share. This transaction amounted to $386,332.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.19 while the price-to-book (PB) in the most recent quarter is 0.67.

Heliogen Inc.’s quick ratio for the period ended June 29 was 3.50, with the current ratio over the same period at 3.50.. In terms of profitability, the gross margin trailing 12 months is -8.90%. The firm’s gross profit as reported stood at -$0.64 million against revenue of $8.8 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 79.3% to -$27.83 million, while revenue of -$20.22 million was 27.34% off the previous quarter. Analysts expected HLGN to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.11, representing a -83.30% surprise. EBITDA for the quarter stood at more than -$28.92 million. HLGN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 66.31 million, with total debt at $16.22 million. Shareholders hold equity totaling $191.44 million.

Let’s look briefly at Heliogen Inc. (HLGN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 30.30% to suggest the stock is trending Neutral, with historical volatility in this time period at 160.57%.

The stock’s 5-day moving average is $0.5520, reflecting a -11.17% or -$0.0669 change from its current price. HLGN is currently trading -47.34% above its 20-day SMA, -79.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -73.27% and SMA200 by-90.11%.

Stochastic %K and %D was 19.81% and 15.00% and the average true range (ATR) pointed at 0.1018. The RSI (14) points at 31.04%, while the 14-day stochastic is at 16.89% with the period’s ATR at 0.1146. The stock’s 9-day MACD Oscillator is pointing at -0.0755 and -0.1324 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Heliogen Inc. (NYSE: HLGN), Citigroup launched coverage with a Neutral rating.

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

Analysts have a consensus price target ranging from a low of $2.00 and a high of $19.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Heliogen Inc. (HLGN) stock is $8.67.

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