Hyliion Holdings Corporation (AMEX:HYLN) price on Friday, June 13, fall -3.97% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.45.
A look at the stock’s price movement, the close in the last trading session was $1.51. Turning to its 52-week performance, $4.09 and $1.11 were the 52-week high and 52-week low respectively. Overall, HYLN moved -7.64% over the past month.
Hyliion Holdings Corporation’s market cap currently stands at around $254.09 million, with investors looking forward to this quarter’s earnings report slated for in July.
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 0.49% and -1.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.46, while 7-day volatility ratio is 2.56% and 10.43% in the 30-day chart. Further, Hyliion Holdings Corporation (HYLN) has a beta value of 2.65, and an average true range (ATR) of 0.14. 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 -55.17% off current price level while to achieve the yearly target high, price needs to move -175.86%. Nonetheless, investors will most likely welcome a -115.52% 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 1.85 million over the past 3 months. The company’s latest data on shares outstanding shows there are 175.23 million shares.
The 32.74% of Hyliion Holdings Corporation’s shares are in the hands of company insiders while institutional holders own 29.72% of the company’s shares. Current price change has pushed the stock -44.44% 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.
