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Heliogen Inc. (NYSE: HLGN) Up 20.38%: Here’s What Analysts’ Predictions Are Now.

Heliogen Inc. (NYSE:HLGN) shares, rose in value on Thursday, June 23, with the stock price up by 20.38% to the previous day’s close as strong demand from buyers drove the stock to $3.78.

Actively observing the price movement in the recent trading, the stock is buoying the session at $3.14, falling within a range of $2.95 and $3.18. Referring to stock’s 52-week performance, its high was $16.35, and the low was $2.25. On the whole, HLGN has fluctuated by -9.51% over the past month.

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As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to -$0.08 for fiscal year -$2.63 and then to about -$0.34 by fiscal year 2022.

Analysts have estimated the company’s revenue for the quarter at $5.24 million, with a low estimate of $3.8 million and a high estimate of $3.8 million.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HLGN currently trading nearly 7.90% and 3.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.77, while the 7-day volatility ratio is showing 19.89% which for the 30-day chart, stands at 16.37%. Furthermore, Heliogen Inc. (HLGN)’s average true range (ATR) is 0.49.

Data on historical trading for Heliogen Inc. (NYSE:HLGN) indicates that the trading volumes over the past 3 months, they’ve averaged 804.39K. According to company’s latest data on outstanding shares, there are 184.03 million shares outstanding.

Nearly 3.90% of Heliogen Inc.’s shares belong to company insiders and institutional investors own 40.90% of the company’s shares. The stock has fallen by -79.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HLGN stock heading into the next quarter.

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