Hyliion Holdings Corp. (NYSE:HYLN) traded at $9.27 at close of the session on Wednesday, May 05, made a downturn move of -5.79% on its previous day’s price.
Looking at the stock we see that its previous close was $9.84 and the beta (5Y monthly) reads 0 with the day’s price range being $9.09 – 9.69. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, HYLN has a high of $58.66 and a low of $7.95. The company’s stock has gained about -13.77% over that past 30 days.
Hyliion Holdings Corp. has a market cap of $1.64 Billion and is expected to release its quarterly earnings report on May 11, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the HYLN stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.19, with the EPS growth for the year declined at -$0.82 for 2021 and -$0.49 for next year. These figures represent 1.93% and -0.4% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the HYLN stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Hyliion Holdings Corp. (HYLN) stock to its peers. We find that current price change of -5.79% and -5.79% over the past 12 months for HYLN competes that of Ferrari N.V. (RACE), which has seen its stock price fall -6.88% in the last trading session and was +28.04% over the last one year. Another of its peers Magna International (MGA) has dropped -1.55% previous session, and was +154.13% up over the past year, while Quantumscape Corp (QS) was also down -5.79% in the last session, while its price remained in the red at -5.79% over the same period. Hyliion Holdings Corp. has a P/E ratio of 0 compared to Ferrari N.V.’s 51 and Magna International’s 37.14. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.67% and 0.06%, respectively, at close of the trading.
Coming back to Hyliion Holdings Corp. (NYSE:HYLN), we note that the average 3-month trading volume was 7.18 Million, while that of the preceding 10-day period stands at 4.15 Million. Current shares outstanding are 171.74 Million.
According to data from Thomson Reuters, insiders hold 35.58% of the company’s shares while institutions hold 25.39%. The data shows that short shares as of April 14, 2021, stood at 22.73 Million at a short ratio of 4.08. This represents a 13.35% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 11.05 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -43.75% down in year-to-date price movement.