Heliogen Inc. (NYSE:HLGN) saw an upside of 5.50% to close Tuesday at $0.21 after adding $0.01 on the day. The 5-day average trading volume is 2,689,420 shares of the company’s common stock. It has gained $0.2470 in the past week and touched a new high 2 times within the past 5 days. An average of 1,141,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,600,260.
HLGN’s 1-month performance is -24.78% or -$0.0810 on its low of $0.2000 reached on 08/21/23. The company’s shares have touched a 52-week low of $0.19 and high of $2.67, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, HLGN has lost -69.78% or -$0.4872 and has reached a new high 3 times. However, the current price is down -92.11% from the 52-week high price.
Insider Transactions
HLGN stock investors last saw insider trading activity on Jun 22.GROSS WILLIAM (10% Owner) most recently sold 730,311 shares at $0.23 per share on Jun 22. This transaction cost the insider $167,972. Chief Executive Officer, Obiaya Christiana, sold 30,441 shares at a price of $0.23 on Jun 20. Then, on Jun 20, Chief Commercial Officer Doyle Thomas P. sold 10,302 shares at a price of $0.23 per share. This transaction amounted to $2,409.
Valuation Metrics
HLGN stock has a beta of 2.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.59 while the price-to-book (PB) in the most recent quarter is 0.39.
Heliogen Inc.’s quick ratio for the period ended March 30 was 2.80, with the current ratio over the same period at 2.90.. In terms of profitability, the gross margin trailing 12 months is 7.30%. The trailing 12-month EBITDA margin is -1084.36%. The firm’s gross profit as reported stood at -$33.78 million against revenue of $13.75 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 6.73% to -$21.68 million, while revenue of -$10.54 million was 51.38% off the previous quarter. Analysts expected HLGN to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.09, representing a 40.00% surprise. EBITDA for the quarter stood at more than -$22.13 million. HLGN stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 65.6 million, with total debt at $14.88 million. Shareholders hold equity totaling $205.1 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 22 August was 39.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 62.10%.
The stock’s 5-day moving average is $0.2035, reflecting a -0.47% or -$0.0010 change from its current price. HLGN is currently trading -21.30% above its 20-day SMA, -19.83% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.30% and SMA200 by-86.39%.
Stochastic %K and %D was 6.79% and 6.11% and the average true range (ATR) pointed at 0.0210. The RSI (14) points at 39.88%, while the 14-day stochastic is at 16.95% with the period’s ATR at 0.0218. The stock’s 9-day MACD Oscillator is pointing at -0.0055 and -0.0181 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. Analysts offering their rating for HLGN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HLGN 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 HLGN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.25 and a high of $3.00, with their median price target at $0.65. Looking at these predictions, the average price target given by analysts is for Heliogen Inc. (HLGN) stock is $1.30.
