A Technical View of the Hyliion Holdings Corp. (HYLN)


Hyliion Holdings Corp. (NYSE:HYLN) saw a downside of -6.49% to $3.17 after subtracting -$0.22 on Wednesday. The 5-day average trading volume is 965,679 shares of the company’s common stock. It has gained $3.53 in the past week and touched a new high 4 times within the past 5 days. An average of 1,161,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,045,642.

HYLN’s 1-month performance is 35.60% or $0.79 on its low of $2.06 reached on 01/06/23. The company’s shares have touched a 52-week low of $2.06 and high of $4.73, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, HYLN has achieved 44.87% or $0.85 and has reached a new high 8 times. However, the current price is down -32.98% from the 52-week high price.

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Insider Transactions

HYLN stock investors last saw insider trading activity on Nov 18.Sexton Patrick (Chief Technology Officer) most recently sold 68,579 shares at $3.31 per share on Apr 26. This transaction cost the insider $227,065. CHIEF EXECUTIVE OFFICER, Healy Thomas J., sold 400,000 shares at a price of $4.47 on Feb 01.

Valuation Metrics

HYLN stock has a beta of 1.32. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 473.98 while the price-to-book (PB) in the most recent quarter is 1.31.

Hyliion Holdings Corp.’s quick ratio for the period ended September 29 was 23.50, with the current ratio over the same period at 23.50. The firm’s gross profit as reported stood at -$2.54 million against revenue of $0.2 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Hyliion Holdings Corp.’s cash and short-term investments amounted to $232.92 million against total debt of $7.72 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 58.01% to -$63.39 million, while revenue of -$33.48 million was 47.18% off the previous quarter. Analysts expected HYLN to announce -$0.22 per share in earnings in its latest quarter, but it posted -$0.36, representing a -63.60% surprise. EBITDA for the quarter stood at more than -$64.83 million. HYLN stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 25.66 million, with total debt at $7.72 million. Shareholders hold equity totaling $179.71 million.

Let’s look briefly at Hyliion Holdings Corp. (HYLN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 62.63% to suggest the stock is trending Neutral, with historical volatility in this time period at 98.70%.

The stock’s 5-day moving average is $3.21, reflecting a +0.31% or $0.01 change from its current price. HYLN is currently trading +32.92% above its 20-day SMA, -9.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.28% and SMA200 by-25.12%.

Stochastic %K and %D was 88.11% and 87.19% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 61.44%, while the 14-day stochastic is at 76.87% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 0.45 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hyliion Holdings Corp. (NYSE: HYLN), Northland Capital launched coverage with an Outperform rating. Analysts offering their rating for HYLN stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate HYLN as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $2.25 and a high of $4.00, with their median price target at $3.75. Looking at these predictions, the average price target given by analysts is for Hyliion Holdings Corp. (HYLN) stock is $3.44.


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