Analysts Predict Hyliion Holdings Corp. (NYSE:HYLN) To Reach $12.00 In 12 Months – Marketing Sentinel
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Analysts Predict Hyliion Holdings Corp. (NYSE:HYLN) To Reach $12.00 In 12 Months

In last trading session, Hyliion Holdings Corp. (NYSE:HYLN) saw 2.07 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $5.30 trading at -$0.15 or -2.75% at ring of the bell on the day assigns it a market valuation of $920.13M. That closing price of HYLN’s stock is at a discount of -319.81% from its 52-week high price of $22.25 and is indicating a premium of 1.13% from its 52-week low price of $5.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.46 million shares which gives us an average trading volume of 2.67 million if we extend that period to 3-months.

For Hyliion Holdings Corp. (HYLN), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.20. Splitting up the data highlights that, out of 5 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.25 in the current quarter.

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Hyliion Holdings Corp. (NYSE:HYLN) trade information

Upright in the red during last session for losing -2.75%, in the last five days HYLN remained trading in the red while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $5.30 price level, adding 12.4% to its value on the day. Hyliion Holdings Corp.’s shares saw a change of -14.52% in year-to-date performance and have moved -9.09% in past 5-day. Hyliion Holdings Corp. (NYSE:HYLN) showed a performance of -12.25% in past 30-days. Number of shares sold short was 21.17 million shares which calculate 8.1 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $7.30 to the stock, which implies a rise of 27.4% to its current value. Analysts have been projecting $4.50 as a low price target for the stock while placing it at a high target of $12.00. It follows that stock’s current price would drop -126.42% in reaching the projected high whereas dropping to the targeted low would mean a gain of 15.09% for stock’s current value.

Hyliion Holdings Corp. (HYLN) estimates and forecasts

Statistics highlight that Hyliion Holdings Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -43.19% of value to its shares in past 6 months, showing an annual growth rate of -106.45% while that of industry is 14.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -257.10% in the current quarter and calculating -150.00% decrease in the next quarter.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $850k for the same. And 2 analysts are in estimates of company making revenue of $1.37 million in the next quarter that will end on Mar 2022.

HYLN Dividends

Hyliion Holdings Corp. is more likely to be releasing its next quarterly report between February 21 and February 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Hyliion Holdings Corp. (NYSE:HYLN)’s Major holders

Insiders are in possession of 34.21% of company’s total shares while institution are holding 27.21 percent of that, with stock having share float percentage of 41.36%. Investors also watch the number of corporate investors in a company very closely, which is 27.21% institutions for Hyliion Holdings Corp. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at HYLN for having 10.75 million shares of worth $90.26 million. And as of Sep 29, 2021, it was holding 6.20% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 7.5 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 4.33% of outstanding shares, having a total worth of $62.98 million.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 3.47 million shares of worth $29.16 million or 2.00% of the total outstanding shares. The later fund manager was in possession of 3.02 million shares on Sep 29, 2021, making its stake of worth around $25.38 million in the company or a holder of 1.74% of company’s stock.

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