As of Friday close, Heliogen Inc.’s (NYSE:HLGN) stock traded at $0.20. The average number of shares traded per day over the past five days has been 648,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0162 fall in that time frame. In the last twenty days, the average volume was 608,135, while in the previous 50 days, it was 1,527,226.
Since last month, HLGN stock retreated -33.17%. Shares of the company fell to $0.2000 on 08/18/23, the lowest level in the past month. A 52-week high of $2.67 was reached on 01/18/23 after having rallying from a 52-week low of $0.19. Since the beginning of this year, HLGN’s stock price has dropped by -71.28% or -$0.4977, and marked a new high 3 times. However, the stock has declined by -92.50% since its 52-week high.
HLGN stock investors should be aware that Heliogen Inc. (HLGN) stock had its last reported insider trading activity 58 days ago on Jun 22. Nant Capital, LLC, the 10% Owner of the company, purchased of 634,251 shares for $0.23 on Jun 22. It resulted in a $146,068 investment by the insider. GROSS WILLIAM sold 730,311 shares at an average price of $0.23 on Jun 22. The insider now owns 4,563,766 shares following the transaction. On Jun 21, 10% Owner Nant Capital, LLC bought 263,695 shares at $0.23 apiece. The transaction was valued at $61,863.
Valuation Metrics
The stock’s beta is 2.13. Besides these, the trailing price-to-sales (P/S) ratio of 3.53, the price-to-book (PB) ratio of 0.37.
Financial Health
In the three months ended March 30, Heliogen Inc.’s quick ratio stood at 2.80, while its current ratio was 2.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 7.30% percent. Based on annual data, HLGN earned -$33.78 million in gross profit and brought in $13.75 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -127.10%. Return on equity (ROE) for the past 12 months was -103.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HLGN’s revenue fell -71.94% to $1.94 million during the quarter, while net income inched up to $1.39 million. While analysts expected Heliogen Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.09 per share. During the quarter, the company generated -$22.13 million in EBITDA. The liabilities of Heliogen Inc. were 65.6 million at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $205.1 million.
Technical Picture
This quick technical analysis looks at Heliogen Inc.’s (HLGN) price momentum. With a historical volatility rate of 52.02%, the RSI 9-day stood at 28.10% on 18 August.
With respect to its five-day moving average, the current Heliogen Inc. price is down by -7.48% percent or -$0.0162. At present, HLGN shares trade -31.34% below its 20-day simple moving average and -20.40% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.28% below its SMA50 and -88.86% below its SMA200.
Stochastic coefficient K was 5.77% and Stochastic coefficient D was 5.72%, while ATR was 0.0190. Given the Stochastic reading of 0.77% for the 14-day period, the RSI (14) reading has been calculated as 33.89%. As of today, the MACD Oscillator reading stands at -0.0128, while the 14-day reading stands at -0.0267.
Analyst Ratings
Citigroup launched its rating on Heliogen Inc. (NYSE: HLGN) to a Neutral in a note to investors on January 25, 2022. Heliogen Inc. (HLGN) has been rated Overweight by analysts. According to 0 brokerage firms, HLGN is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Heliogen Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $0.65, the current consensus forecast for the stock is $0.25 – $3.00. Based on these forecasts, analysts predict Heliogen Inc. (HLGN) will achieve an average price target of $1.30.
