The stock of Hyliion Holdings Corporation (HYLN) has gone down by -12.00% for the week, with a -8.97% drop in the past month and a 50.32% rise in the past quarter. The volatility ratio for the week is 9.46%, and the volatility levels for the past 30 days are 8.53% for HYLN.. The simple moving average for the past 20 days is -14.62% for HYLN’s stock, with a 10.46% simple moving average for the past 200 days.
Is It Worth Investing in Hyliion Holdings Corporation (NYSE: HYLN) Right Now?
The 36-month beta value for HYLN is also noteworthy at 1.76. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for HYLN is 124.19M, and at present, short sellers hold a 7.53% of that float. The average trading volume of HYLN on April 19, 2024 was 1.17M shares.
HYLN) stock’s latest price update
Hyliion Holdings Corporation (NYSE: HYLN) has experienced a decline in its stock price by -2.94 compared to its previous closing price of 1.36. However, the company has seen a fall of -12.00% in its stock price over the last five trading days. Business Wire reported 2024-04-18 that AUSTIN, Texas–(BUSINESS WIRE)–Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today announced it will host a conference call and accompanying webcast at 11:00 a.m. ET / 10:00 a.m. CT on Wednesday, May 1, 2024, to discuss its financial results, the Company’s business, and outlook. Hyliion plans to report its 2024 first quarter financial results after the market close on Tuesday, April 30, 2024. Hyliion’s First Quarter 2024 Results C.
Analysts’ Opinion of HYLN
Many brokerage firms have already submitted their reports for HYLN stocks, with Northland Capital repeating the rating for HYLN by listing it as a “Market Perform.” The predicted price for HYLN in the upcoming period, according to Northland Capital is $1.50 based on the research report published on October 12, 2023 of the previous year 2023.
Northland Capital, on the other hand, stated in their research note that they expect to see HYLN reach a price target of $4. The rating they have provided for HYLN stocks is “Outperform” according to the report published on November 22nd, 2022.
Cantor Fitzgerald gave a rating of “Neutral” to HYLN, setting the target price at $5 in the report published on August 11th of the previous year.
HYLN Trading at -13.45% 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 -42.23% of loss for the given period.
Volatility was left at 8.53%, however, over the last 30 days, the volatility rate increased by 9.46%, as shares sank -15.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.00% upper at present.
During the last 5 trading sessions, HYLN fell by -12.00%, which changed the moving average for the period of 200-days by -26.67% in comparison to the 20-day moving average, which settled at $1.5335. In addition, Hyliion Holdings Corporation saw 62.22% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HYLN starting from KNIGHT ROBERT M JR, who purchase 100,000 shares at the price of $0.57 back on Nov 21 ’23. After this action, KNIGHT ROBERT M JR now owns 176,435 shares of Hyliion Holdings Corporation, valued at $57,000 using the latest closing price.
LANTZ CHERI, the Chief Strategy Officer of Hyliion Holdings Corporation, purchase 20,000 shares at $0.66 during a trade that took place back on Nov 16 ’23, which means that LANTZ CHERI is holding 281,373 shares at $13,200 based on the most recent closing price.
Stock Fundamentals for HYLN
Current profitability levels for the company are sitting at:
- -187.34 for the present operating margin
- -4.11 for the gross margin
The net margin for Hyliion Holdings Corporation stands at -178.66. The total capital return value is set at -0.4. Equity return is now at value -33.85, with -31.87 for asset returns.
Based on Hyliion Holdings Corporation (HYLN), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -15.48. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 62947.5.
Currently, EBITDA for the company is -122.38 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 340.29. The receivables turnover for the company is 16.8for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.02.
Conclusion
In summary, Hyliion Holdings Corporation (HYLN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
