Hyliion Holdings Corp. (NYSE:HYLN) went up by 4.25% from its latest closing price compared to the recent 1-year high of $58.66. The company’s stock price has collected 3.15% of gains in the last five trading sessions. Press Release reported on 07/14/21 that Hyliion Holdings Schedules Second Quarter 2021 Financial Results Conference Call and Webcast for August 11, 2021
Is It Worth Investing in Hyliion Holdings Corp. (NYSE :HYLN) Right Now?
Hyliion Holdings Corp. (NYSE:HYLN) scored a price-to-earnings ratio above its average ratio, recording 3.48 x from its present earnings ratio. Opinions of the stock are interesting as 2 analysts out of 5 who provided ratings for Hyliion Holdings Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $14.80, which is $1.86 above the current price. HYLN currently public float of 116.50M and currently shorts hold a 19.95% ratio of that float. Today, the average trading volume of HYLN was 3.91M shares.
HYLN’s Market Performance
HYLN stocks went up by 3.15% for the week, with a monthly drop of -14.62% and a quarterly performance of 12.37%, while its annual performance rate touched -55.39%. The volatility ratio for the week stands at 6.36% while the volatility levels for the past 30 days are set at 5.93% for Hyliion Holdings Corp.. The simple moving average for the period of the last 20 days is -9.58% for HYLN stocks with a simple moving average of -37.88% for the last 200 days.
Analysts’ Opinion of HYLN
Many brokerage firms have already submitted their reports for HYLN stocks, with Cantor Fitzgerald repeating the rating for HYLN by listing it as a “Overweight.” The predicted price for HYLN in the upcoming period, according to Cantor Fitzgerald is $17 based on the research report published on July 06th of the current year 2021.
Goldman, on the other hand, stated in their research note that they expect to see HYLN reach a price target of $12, previously predicting the price at $19. The rating they have provided for HYLN stocks is “Sell” according to the report published on February 03rd, 2021.
Barclays gave a rating of “Overweight” to HYLN, setting the target price at $20 in the report published on December 16th of the previous year.
HYLN Trading at -8.63% from the 50-Day Moving Average
After a stumble in the market that brought HYLN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.28% of loss for the given period.
Volatility was left at 5.93%, however, over the last 30 days, the volatility rate increased by 6.36%, as shares sank -14.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.05% upper at present.
During the last 5 trading sessions, HYLN rose by +3.15%, which changed the moving average for the period of 200-days by -75.16% in comparison to the 20-day moving average, which settled at $10.77. In addition, Hyliion Holdings Corp. saw -40.47% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at HYLN starting from Healy Thomas J., who sale 100,000 shares at the price of $11.65 back on Jun 30. After this action, Healy Thomas J. now owns 34,472,856 shares of Hyliion Holdings Corp., valued at $1,165,400 using the latest closing price.
Pang Stephen S., the Director of Hyliion Holdings Corp., sale 7,500 shares at $12.35 during a trade that took place back on Jun 25, which means that Pang Stephen S. is holding 298,574 shares at $92,636 based on the most recent closing price.