Hyliion Holdings Corp. (NYSE:HYLN) currently has a daily average trading volume of 1.17M but it saw 1463452 shares traded on Thursday. With a market cap of 408.60M USD, stock’s current market price of $2.29 came falling about -2.97 while comparing to the previous closing price of $2.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.73 and as low as $2.06. In the recent trading on the day, stock has struck highest price mark of $2.34 while lowest mark touched by it was $2.24.
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Taking a look at 20-day trading activity of Hyliion Holdings Corp. (HYLN) gives us an average price of $2.66, while its current price level is -51.58% below from 52-week high level whereas it is 11.17% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.95 while that of 200 days or SMA-200 reads an average of $3.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.44% during that period while stretching the period over a month that increases to 7.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 32.87 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Northland Capital which initiated the stock as “Outperform” in its note to investors issued on November 22, 2022, recommending a price target of $4 for it. Cantor Fitzgerald downgraded its recommendation for the stock as a “Neutral” from “Overweight” on August 11, 2022 while assigning a price target of $5.
Over the week, HYLN’s stock price is moving 0.44% up while it is -31.23% when we observe its performance for the past one month. Year-to-date it is -2.14% down and over the past year, the stock is showing a downside performance of -37.09%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.36 beaten by the consensus estimate of -$0.22 for the same. For HYLN, analysts are forecasting an EPS-growth rate of -63.60% for current year and estimate for EPS growth in next year is -5.60%. In next quarter, company is expected to be making quarterly sales of $740k as analysts are expecting the sales for current fiscal year at $1.79 million and seeing the company making $12.96 million in sales next year. Moreover, analysts are in estimates of $790k for current-quarter revenue.
Currently, Hyliion Holdings Corp.’s total number of outstanding shares is 179.77M with 32.13% of that held by the insiders while 32.87% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -32.30%. Stock’s beta reads 1.53. Stock has a price to book (P/B) ratio of 0.97 while price to sale or P/S ratio amounts to 194.57. Its return on asset (ROA) is -30.80% on average.
As per SEC documents, Vanguard Total Stock Market Index sought 3,720,847 of company’s common stock of worth $10.53 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in Hyliion Holdings Corp., as Vanguard Small Cap Index Fund picked 3,492,698 shares of worth $9.88 million to bring its holdings to a total of 19034.0 shares. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -0.32% in the company and now holds 2.98 million or 1.66% of the company’s stake having worth of about 8.44 million.
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