The stock of Heliogen Inc. (NYSE:HLGN) decreased by -$0.01 on Tuesday to finish at $0.19, down -6.54 percent. The last five days have seen an average of 12,120,720 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$0.5109. The average number of shares traded over the last 20 days was 4,011,575, while the average volume over the last 50 days totaled 2,530,968.
HLGN stock dropped -24.63% since last month. On 08/29/23, the company’s shares reached a one-month low of $0.1730. The stock touched a high of $2.58 on 01/18/23, after rallying from a low of $0.19 in 52 weeks. The price of HLGN stock has declined by -73.17% or -$0.5109 this year, reaching a new high 3 times. Still, the stock price is down -92.74% from the 52-week high.
Insider Transactions
HLGN stock investors should be aware that Heliogen Inc. (HLGN) stock had its last reported insider trading activity 69 days ago on Jun 22. On Jun 22, 10% Owner Nant Capital, LLC acquired 634,251 shares at $0.23 each. This transaction resulted in the insider spending $146,068. On Jun 22, GROSS WILLIAM sold 730,311 shares at a price of US$0.23. After the transaction, the insider now owns 4,563,766 shares. 10% Owner Nant Capital, LLC had earlier bought 263,695 shares on Jun 21 for $0.23 a share. The transaction was completed for $61,863.
Valuation Metrics
Beta for the stock is 2.15. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.28, the price-to-book (PB) ratio of 0.43.
Financial Health
For the recent quarter, Heliogen Inc.’s quick ratio was 2.30, while its current ratio was 2.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 7.00% percent. Based on annual data, it had gross profit of -$33.78 million and revenue of $13.75 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HLGN’s return on assets (ROA) during the last 12 months has been -51.90%. There was a -127.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -80.70%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.39 million, while revenues fell by -71.94% to $1.94 million. EBITDA was -$22.13 million for the quarter. At the end of Heliogen Inc.’s most recent quarter, its liabilities totaled 65.6 million, while its total debt was $14.88 million. Equity owned by shareholders amounts to $205.1 million.
Technical Picture
Here’s a quick look at Heliogen Inc.’s (HLGN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 37.12%, suggesting the stock is Neutral, with a 184.35% historical volatility rate.
The stochastic %K and %D were 22.70% and 37.80% respectively, while the average true range (ATR) was 0.0334. Based on the 14-day stochastic reading of 12.83%, the RSI (14) reading is 39.10%. On the 9-day MACD Oscillator, the stock is at -0.0052.
Analyst Ratings
In its analyst report released on January 25, 2022, Citigroup began covering Heliogen Inc. (NYSE: HLGN). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Heliogen Inc. (HLGN) an Overweight rating. HLGN is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is HLGN’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.25 and $3.00, with a median target price of $0.65. In analyzing these forecasts, the average price target given by analysts for Heliogen Inc. (HLGN) is $1.30.
