In last trading session, Heliogen Inc. (NYSE:HLGN) saw 0.95 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $4.76 trading at -$0.52 or -9.85% at ring of the bell on the day assigns it a market valuation of $1.11B. That closing price of HLGN’s stock is at a discount of -243.49% from its 52-week high price of $16.35 and is indicating a discount of -10.29% from its 52-week low price of $5.25. Taking a look at company’s average trading volume of 417.40K if we extend that period to 3-months.
For Heliogen Inc. (HLGN), analysts’ consensus is at an average recommendation of an Overweight. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Heliogen Inc. (NYSE:HLGN) trade information
Upright in the red during last session for losing -9.85%, in the last five days HLGN remained trading in the red while hitting it’s week-highest on Monday, 01/10/22 when the stock touched $4.76 price level, adding 32.58% to its value on the day. Heliogen Inc.’s shares saw a change of -69.33% in year-to-date performance and have moved -31.31% in past 5-day. Heliogen Inc. (NYSE:HLGN) showed a performance of -52.26% in past 30-days.
Wall Street analysts have assigned a consensus price target of $19.00 to the stock, which implies a rise of 74.95% to its current value. Analysts have been projecting $12.00 as a low price target for the stock while placing it at a high target of $26.00. It follows that stock’s current price would drop -446.22% in reaching the projected high whereas dropping to the targeted low would mean a loss of -152.1% for stock’s current value.
Heliogen Inc. is more likely to be releasing its next quarterly report in February 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.
Heliogen Inc. (NYSE:HLGN)’s Major holders
Insiders are in possession of 4.50% of company’s total shares while institution are holding 10.87 percent of that, with stock having share float percentage of 11.38%. Investors also watch the number of corporate investors in a company very closely, which is 10.87% institutions for Heliogen Inc. that are currently holding shares of the company. Magnetar Financial LLC is the top institutional holder at HLGN for having 1.78 million shares of worth $17.62 million. And as of Sep 29, 2021, it was holding 6.91% of the company’s outstanding shares.
The second largest institutional holder is Corbin Capital Partners, LP, which was holding about 1.5 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 5.84% of outstanding shares, having a total worth of $14.89 million.
On the other hand, Calamos Market Neutral Income Fund and FPA Funds Tr-FPA Crescent Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 0.4 million shares of worth $4.0 million or 1.56% of the total outstanding shares. The later fund manager was in possession of 0.3 million shares on Sep 29, 2021, making its stake of worth around $2.94 million in the company or a holder of 1.15% of company’s stock.