At the last check on Friday, Hyliion Holdings Corp.’s (NYSE:HYLN) stock was up $0.04, moving up 3.69 percent to $1.26. The average number of shares traded per day over the past five days has been 812,017 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0450 gain in that time frame. In the last twenty days, the average volume was 1,258,099, while in the previous 50 days, it was 1,389,718.
Since last month, HYLN stock retreated -28.93%. Shares of the company fell to $1.1500 on 08/18/23, the lowest level in the past month. A 52-week high of $3.88 was reached on 02/03/23 after having rallying from a 52-week low of $1.15. Since the beginning of this year, HYLN’s stock price has dropped by -45.94% or -$1.0750, and marked a new high 13 times. However, the stock has declined by -67.40% since its 52-week high.
HYLN stock investors should be aware that Hyliion Holdings Corp. (HYLN) stock had its last reported insider trading activity 287 days ago on Nov 18. Card Andrew H JR, the Director of the company, purchased of 10,000 shares for $3.18 on Nov 18. It resulted in a $31,800 investment by the insider. Oxholm Jose Miguel added 1,000 shares at an average price of $2.99 on Nov 17. The insider now owns 213,104 shares following the transaction. On Nov 16, Chief Operating Officer GALLAGHER DENNIS M. bought 20,000 shares at $3.10 apiece. The transaction was valued at $62,000.
Valuation Metrics
The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 99.92, the price-to-book (PB) ratio of 0.63.
Financial Health
In the three months ended June 29, Hyliion Holdings Corp.’s quick ratio stood at 13.50, while its current ratio was 13.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -39.70% percent. Based on annual data, HYLN earned -$6.67 million in gross profit and brought in $2.11 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HYLN’s revenue rose 37.04% to $0.31 million during the quarter, while net income inched up to $0.27 million. While analysts expected Hyliion Holdings Corp. to report -$0.18 quarterly earnings, the actual figure was -$0.19 per share, beating the consensus estimate by -5.60%. During the quarter, the company generated -$38.56 million in EBITDA. The liabilities of Hyliion Holdings Corp. were 27.78 million at the end of its most recent quarter ended June 29, and its total debt was $8.67 million. The value of shareholders’ equity is $181.22 million.
Technical Picture
This quick technical analysis looks at Hyliion Holdings Corp.’s (HYLN) price momentum. With a historical volatility rate of 79.32%, the RSI 9-day stood at 43.02% on 31 August.
With respect to its five-day moving average, the current Hyliion Holdings Corp. price is up by +3.69% percent or $0.0450. At present, HYLN shares trade -27.30% below its 20-day simple moving average and -30.11% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.59% below its SMA50 and -58.11% below its SMA200.
Stochastic coefficient K was 49.78% and Stochastic coefficient D was 37.49%, while ATR was 0.0856. Given the Stochastic reading of 71.88% for the 14-day period, the RSI (14) reading has been calculated as 39.86%. As of today, the MACD Oscillator reading stands at 0.0144, while the 14-day reading stands at 0.0194.
Analyst Ratings
Northland Capital launched its rating on Hyliion Holdings Corp. (NYSE: HYLN) to an Outperform in a note to investors on November 22, 2022. Hyliion Holdings Corp. (HYLN) has been rated Hold by analysts. According to 2 brokerage firms, HYLN 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 Hyliion Holdings Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $1.25 – $2.80. Based on these forecasts, analysts predict Hyliion Holdings Corp. (HYLN) will achieve an average price target of $2.01.
