The stock of Hyliion Holdings Corporation (NYSE: HYLN) has decreased by -8.71 when compared to last closing price of 2.64.Despite this, the company has seen a loss of -5.86% in its stock price over the last five trading days. businesswire.com reported 2024-10-09 that AUSTIN, Texas–(BUSINESS WIRE)–Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in sustainable electricity-producing technology, today announced the signing of a non-binding Letter of Intent (LOI) with ANA Inc., a leading provider of innovative and reliable solutions in the mobile industrial equipment industry. ANA plans to procure up to six KARNO™ generators and launch a pilot trial with their customers in the mobile power generation application. The initial deployment will feature o.
Is It Worth Investing in Hyliion Holdings Corporation (NYSE: HYLN) Right Now?
HYLN has 36-month beta value of 1.90. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for HYLN is 119.69M, and currently, short sellers hold a 9.77% ratio of that float. The average trading volume of HYLN on October 24, 2024 was 857.06K shares.
HYLN’s Market Performance
HYLN stock saw an increase of -5.86% in the past week, with a monthly gain of 1.69% and a quarterly increase of 6.17%. The volatility ratio for the week is 7.81%, and the volatility levels for the last 30 days are 7.04% for Hyliion Holdings Corporation (HYLN). The simple moving average for the last 20 days is -1.69% for HYLN’s stock, with a simple moving average of 41.84% for the last 200 days.
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 11.25% 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 -11.68% of loss for the given period.
Volatility was left at 7.04%, however, over the last 30 days, the volatility rate increased by 7.81%, as shares surge +3.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.50% upper at present.
During the last 5 trading sessions, HYLN fell by -5.86%, which changed the moving average for the period of 200-days by +165.16% in comparison to the 20-day moving average, which settled at $2.45. In addition, Hyliion Holdings Corporation saw 196.18% 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 RAMASAMY GOVINDARAJ, who purchase 30,000 shares at the price of $1.92 back on Sep 11 ’24. After this action, RAMASAMY GOVINDARAJ now owns 298,000 shares of Hyliion Holdings Corporation, valued at $57,600 using the latest closing price.
RAMASAMY GOVINDARAJ, the Chief Commercial Officer of Hyliion Holdings Corporation, purchase 10,000 shares at $1.50 during a trade that took place back on Jun 12 ’24, which means that RAMASAMY GOVINDARAJ is holding 227,500 shares at $15,000 based on the most recent closing price.
Stock Fundamentals for HYLN
Current profitability levels for the company are sitting at:
- -876.77 for the present operating margin
- -37.73 for the gross margin
The net margin for Hyliion Holdings Corporation stands at -894.79. The total capital return value is set at -0.31. Equity return is now at value -27.23, with -25.55 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 -13.35. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -42085.0.
Currently, EBITDA for the company is -122.38 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 4227.05. The receivables turnover for the company is 0.26for 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 21.91.
Conclusion
To put it simply, Hyliion Holdings Corporation (HYLN) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
