Hyliion Holdings Corporation (NYSE:HYLN) shares, rose in value on Thursday, April 04, with the stock price down by -0.88% to the previous day’s close as strong demand from buyers drove the stock to $1.68.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.70. The value of beta (5-year monthly) is 1.72. Referring to stock’s 52-week performance, its high was $2.29, and the low was $0.52. On the whole, HYLN has fluctuated by -4.80% over the past month.
With the market capitalization of Hyliion Holdings Corporation currently standing at about $308.71 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. 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, which is expected to increase to $0 for fiscal year -$0.26 and then to about $0 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $5.3 million, with a low estimate of $5.3 million and a high estimate of $5.3 million. According to the average forecast, sales growth in current quarter could jump up 668.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.3 million, representing an increase of 93.50% from the revenues reported in the last year’s results.
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. 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HYLN currently trading nearly 1.35% and 15.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.99, while the 7-day volatility ratio is showing 7.85% which for the 30-day chart, stands at 8.63%. Furthermore, Hyliion Holdings Corporation (HYLN)’s beta value is 1.71, and its average true range (ATR) is 0.15.
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 -0.88% in today’s session so far, and over the past year, it shrunk by -18.20%%.
Data on historical trading for Hyliion Holdings Corporation (NYSE:HYLN) indicates that the trading volumes over the past 10 days have averaged 0.9 million and over the past 3 months, they’ve averaged 1.26 million. According to company’s latest data on outstanding shares, there are 183.07 million shares outstanding.
Nearly 32.21% of Hyliion Holdings Corporation’s shares belong to company insiders and institutional investors own 19.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.04 million shares as on Mar 15, 2024, resulting in a short ratio of 6.07. According to the data, the short interest in Hyliion Holdings Corporation (HYLN) stood at 4.39% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.59 million. The stock has risen by 107.08% 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.
