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Heliogen Inc. (HLGN) Reveals an Earnings Mystery

Heliogen Inc. (NYSE:HLGN) went up by 11.72% from its latest closing price compared to the recent 1-year high of $16.35. The company’s stock price has collected 39.79% of gains in the last five trading sessions.

Is It Worth Investing in Heliogen Inc. (NYSE :HLGN) Right Now?

Opinions of the stock are interesting as 1 analysts out of 3 who provided ratings for Heliogen Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $12.75, which is $3.45 above the current price. HLGN currently public float of 141.81M and currently shorts hold a 2.41% ratio of that float. Today, the average trading volume of HLGN was 1.21M shares.

HLGN’s Market Performance

HLGN stocks went up by 39.79% for the week, with a monthly jump of 33.50% and a quarterly performance of -31.89%, while its annual performance rate touched -72.92%. The volatility ratio for the week stands at 15.46% while the volatility levels for the past 30 days are set at 11.05% for Heliogen Inc. The simple moving average for the period of the last 20 days is 28.40% for HLGN stocks with a simple moving average of -53.51% for the last 200 days.

Analysts’ Opinion of HLGN

Many brokerage firms have already submitted their reports for HLGN stocks, with Citigroup repeating the rating for HLGN by listing it as a “Neutral.” The predicted price for HLGN in the upcoming period, according to Citigroup is $3.75 based on the research report published on January 25th of the current year 2022.

Siebert Williams Shank, on the other hand, stated in their research note that they expect to see HLGN reach a price target of $12. The rating they have provided for HLGN stocks is “Hold” according to the report published on January 12th, 2022.

HLGN Trading at -5.18% from the 50-Day Moving Average

After a stumble in the market that brought HLGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.67% of loss for the given period.

Volatility was left at 11.05%, however, over the last 30 days, the volatility rate increased by 15.46%, as shares surge +36.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.38% lower at present.

During the last 5 trading sessions, HLGN rose by +39.79%, in comparison to the 20-day moving average, which settled at $2.12. In addition, Heliogen Inc. saw -82.80% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HLGN starting from NeoTribe Partners I, LLC, who sale 288,403 shares at the price of $2.46 back on Jul 29. After this action, NeoTribe Partners I, LLC now owns 878,884 shares of Heliogen Inc., valued at $708,952 using the latest closing price.

NeoTribe Partners I, LLC, the 10% Owner of Heliogen Inc., sale 189,491 shares at $2.36 during a trade that took place back on Jul 28, which means that NeoTribe Partners I, LLC is holding 890,045 shares at $447,672 based on the most recent closing price.

Stock Fundamentals for HLGN

Current profitability levels for the company are sitting at:

  • -553.70 for the present operating margin
  • -61.86 for the gross margin

The net margin for Heliogen Inc. stands at -1615.07.

The liquidity ratio also appears to be rather interesting for investors as it stands at 13.12.