In the latest trading session, 0.74 million Hyliion Holdings Corp. (NYSE:HYLN) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $3.45 changing hands around $0.02 or 0.58% at last look, the market valuation stands at $598.16M. HYLN’s current price is a discount, trading about -235.94% off its 52-week high of $11.59. The share price had its 52-week low at $2.69, which suggests the last value was 22.03% up since then. When we look at Hyliion Holdings Corp.’s average trading volume, we note the 3-month average coming to 2.01 million.
Analysts gave the Hyliion Holdings Corp. (HYLN) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 2 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended HYLN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Hyliion Holdings Corp.’s EPS for the current quarter is expected to be -$0.2.
Hyliion Holdings Corp. (NYSE:HYLN) trade information
Instantly HYLN is in green as seen in intraday trades today. With action -5.77%, the performance over the past five days has been red. The jump to weekly highs of 3.55 on Tuesday, 07/05/22 added 0.58% to the stock’s daily price. The company’s shares are showing year-to-date downside of -44.68%, with the 5-day performance at -5.77% in the red. However, in the 30-day time frame, Hyliion Holdings Corp. (NYSE:HYLN) is -8.04% down.
The consensus price target for the stock as assigned by Wall Street analysts is $4.00, meaning bulls need an upside of 13.75% from its recent market value. According to analyst projections, HYLN’s forecast low is $3.00 with $5.00 as the target high. To hit the forecast high, the stock’s price needs a -44.93% plunge from its current level, while the stock would need to tank 13.04% for it to hit the projected low.
Hyliion Holdings Corp. (HYLN) estimates and forecasts
Data shows that the Hyliion Holdings Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.68% over the past 6 months, a -42.86% in annual growth rate that is considerably lower than the industry average of 3.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for Hyliion Holdings Corp. will fall -53.80%, while the growth in revenue is estimated to hit -40.00% for the next quarter. Year-over-year growth is forecast to reach 1,045.00% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $580k. 5 analysts are of the opinion that Hyliion Holdings Corp.’s revenue for the quarter ending Sep 2022 will be $780k.
The 2022 estimates are for Hyliion Holdings Corp. earnings to decrease by -119.00%.
Hyliion Holdings Corp. is expected to release its next quarterly earnings report between February 21 and February 25.
Hyliion Holdings Corp. (NYSE:HYLN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 36.81% of Hyliion Holdings Corp. shares while 28.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.18%. There are 28.55% institutions holding the Hyliion Holdings Corp. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2021, the company held 6.29% of the shares, roughly 10.93 million HYLN shares worth $67.75 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.02% or 8.73 million shares worth $38.69 million as of Mar 30, 2022.
Among Mutual Funds, the top two as of Dec 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 3.47 million shares estimated at $21.52 million under it, the former controlled 2.00% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.79% of the shares, roughly 3.11 million shares worth around $19.28 million.