Hyliion Holdings Corporation (AMEX:HYLN) shares, rose in value on Wednesday, November 20, with price down by -6.43% to the previous day’s close as strong demand from buyers drove the stock to $2.91.
Actively observing the price movement in the last trading, the stock closed the session at $3.11, falling within a range of $2.825 and $3.0799. The value of beta (5-year monthly) was 1.904. Referring to stock’s 52-week performance, its high was $3.13, and the low was $0.55. On the whole, HYLN has fluctuated by 10.23% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
With the market capitalization of Hyliion Holdings Corporation currently standing at about $505.56 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 500M, with a low estimate of 500M and a high estimate of 500M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 500M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HYLN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of HYLN currently trading nearly 11.56% and 18.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.42, while the 7-day volatility ratio is showing 13.53% which for the 30-day chart, stands at 8.19%. Furthermore, Hyliion Holdings Corporation (HYLN)’s beta value is 1.95, and its average true range (ATR) is 0.23.
A comparison of Hyliion Holdings Corporation (HYLN) with its peers suggests the former has fared considerably weaker in the market. HYLN showed an intraday change of -6.43% in last session, and over the past year, it grew by 381.39%%.
Data on historical trading for Hyliion Holdings Corporation (AMEX:HYLN) indicates that the trading volumes over the past 10 days have averaged 1.52 and over the past 3 months, they’ve averaged 903.38K. According to company’s latest data on outstanding shares, there are 183.07 million shares outstanding.
Nearly 31.05% of Hyliion Holdings Corporation’s shares belong to company insiders and institutional investors own 25.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.67 million shares as on 2024-10-15, resulting in a short ratio of 11.59. According to the data, the short interest in Hyliion Holdings Corporation (HYLN) stood at 847.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 11.52 million. The stock has risen by 257.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HYLN stock heading into the next quarter.
