Hyliion Holdings Corp. (NYSE:HYLN) finished Wednesday with a subtraction of -$0.15 to close at $1.51, a downside of -9.04 percent. An average of 1,444,900 shares of common stock have been traded in the last five days. There was a fall of -$0.2900 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,494,705 shares traded, while the 50-day average volume stands at 1,629,142.
HYLN stock has decreased by -20.94% in the last month. The company shares reached their 1-month lowest point of $1.4900 on 08/09/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $1.22 and a high of $4.69 in 52 weeks. It has reached a new high 13 times so far this year and lost -35.47% or -$0.8300 in price. In spite of this, the price is down -67.80% from the 52-week high.
Valuation Metrics
Hyliion Holdings Corp. (HYLN) stock’s beta is 1.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 133.02, the price-to-book (PB) ratio at 0.69.
Financial Health
The quick ratio of Hyliion Holdings Corp. for the three months ended June 29 was 21.20, and the current ratio was 21.30, 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. Hyliion Holdings Corp.’s EBITDA margin for the year ending June 29 is -7433.95%. Its gross profit as reported stood at -$6.67 million compared to revenue of $2.11 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 -33.30%.
Earnings Surprise
For the three-month period that ended June 29, Hyliion Holdings Corp. had $196.77 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$28.83 million in the quarter, while revenues of -$29.39 million were grew 5.97%. The analyst consensus anticipated Hyliion Holdings Corp.’s latest quarter earnings to come in at -$0.18 per share, but it turned out to be -$0.19, a -5.60% surprise. For the quarter, EBITDA amounted to -$31.95 million. At the end of the quarter ending June 29, Hyliion Holdings Corp.’s stock balance sheet showed total liabilities of 22.16 million. Shareholders own equity worth $180.83 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 09 August was 29.39%, suggesting the stock is oversold, with historical volatility in this time frame at 93.97%.
As of today, HYLN’s price is $1.6800 -16.11% or -$0.2900 from its 5-day moving average. HYLN is currently trading -25.62% lower than its 20-day SMA and -34.06% lower than its 100-day SMA. However, the stock’s current price level is -6.21% below the SMA50 and -40.08% below the SMA200.
The stochastic %K and %D were 11.46% and 13.84%, respectively, and the average true range (ATR) was 0.1357. With the 14-day stochastic at 4.00% and the average true range at 0.1369, the RSI (14) stands at 36.48%. The stock has reached -0.1389 on the 9-day MACD Oscillator while the 14-day reading was at -0.1390.
Analyst Ratings
Northland Capital launched coverage on Hyliion Holdings Corp. (NYSE: HYLN) in its analyst report released on November 22, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Hyliion Holdings Corp. (HYLN) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms 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 0 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 $1.75 and $4.00, with a median target of $2.50. Taking a look at these predictions, the average price target given by analysts for Hyliion Holdings Corp. (HYLN) stock is $2.69.
