Hyliion Holdings Corp. (NYSE:HYLN) has seen 1.85 million shares traded in the last trading session. The company, currently valued at $1.57B, closed the last trade at $8.85 per share which meant it lost -$0.2 on the day or -2.21% during that session. The HYLN stock price is -544.07% off its 52-week high price of $57.00 and 13.11% above the 52-week low of $7.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.19 million shares traded. The 3-month trading volume is 3.00 million shares.
The consensus among analysts is that Hyliion Holdings Corp. (HYLN) is a Hold stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.22.
Hyliion Holdings Corp. (NYSE:HYLN) trade information
Sporting -2.21% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the HYLN stock price touched $8.85 or saw a rise of 2.85%. Year-to-date, Hyliion Holdings Corp. shares have moved -46.30%, while the 5-day performance has seen it change -1.45%. Over the past 30 days, the shares of Hyliion Holdings Corp. (NYSE:HYLN) have changed -7.81%. Short interest in the company has seen 24.04 million shares shorted with days to cover at 6.91.
Wall Street analysts have a consensus price target for the stock at $12.80, which means that the shares’ value could jump 30.86% from current levels. The projected low price target is $7.00 while the price target rests at a high of $17.00. In that case, then, we find that the current price level is -92.09% off the targeted high while a plunge would see the stock lose 20.9% from current levels.
Hyliion Holdings Corp. (HYLN) estimates and forecasts
Figures show that Hyliion Holdings Corp. shares have underperformed across the wider relevant industry. The company’s shares have lost -30.26% over the past 6 months, with this year growth rate of -148.39%, compared to 30.70% for the industry.
Hyliion Holdings Corp. is expected to release its next earnings report on May 11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Hyliion Holdings Corp. (NYSE:HYLN)’s Major holders
Insiders own 37.75% of the company shares, while shares held by institutions stand at 22.75% with a share float percentage of 36.54%. Investors are also buoyed by the number of investors in a company, with Hyliion Holdings Corp. having a total of 124 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 9.11 million shares worth more than $97.22 million. As of Mar 30, 2021, Vanguard Group, Inc. (The) held 5.29% of shares outstanding.
The other major institutional holder is Handelsbanken Fonder AB, with the holding of over 3.77 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $40.2 million and represent 2.19% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Mar 30, 2021, the former fund manager holds about 1.81% shares in the company for having 3.11 million shares of worth $33.23 million while later fund manager owns 2.68 million shares of worth $28.62 million as of Mar 30, 2021, which makes it owner of about 1.56% of company’s outstanding stock.