Hyliion Holdings Corporation (AMEX:HYLN) price on Thursday, February 27, fall -13.44% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.61.
A look at the stock’s price movement, the close in the last trading session was $1.86. Turning to its 52-week performance, $4.09 and $1.21 were the 52-week high and 52-week low respectively. Overall, HYLN moved -32.07% over the past month.
Hyliion Holdings Corporation’s market cap currently stands at around $281.46 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.1M for the company’s revenue for the quarter, with a low and high estimate of 1.1M and 1.1M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.45M, representing a 725.05% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HYLN is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend HYLN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HYLN’s current price about -21.92% and -31.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.45, while 7-day volatility ratio is 9.47% and 7.12% in the 30-day chart. Further, Hyliion Holdings Corporation (HYLN) has a beta value of 2.22, and an average true range (ATR) of 0.15. Analysts have given the company’s stock an average 52-week price target of $3.125, forecast between a low of $2.25 and high of $4. Looking at the price targets, the low is -39.75% off current price level while to achieve the yearly target high, price needs to move -148.45%. Nonetheless, investors will most likely welcome a -94.1% jump to $3.125 which is the analysts’ median price.
If we refocus on Hyliion Holdings Corporation (AMEX:HYLN), historical trading data shows that trading volumes averaged 1.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 173.82 million shares.
The 32.98% of Hyliion Holdings Corporation’s shares are in the hands of company insiders while institutional holders own 27.53% of the company’s shares. Current price change has pushed the stock -38.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HYLN stock continues to rise going into the next quarter.
