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Hyliion Holdings Corp. Is A Buy Small Cap Stock: Analysts

Hyliion Holdings Corp. (NYSE:HYLN) has a beta value of 1.32 and has seen 1.1 million shares traded in the last trading session. The company, currently valued at $562.06M, closed the last trade at $3.35 per share which meant it gained $0.19 on the day or 6.01% during that session. The HYLN stock price is -41.19% off its 52-week high price of $4.73 and 38.51% above the 52-week low of $2.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.25 million shares traded. The 3-month trading volume is 1.03 million shares.

The consensus among analysts is that Hyliion Holdings Corp. (HYLN) is a Hold stock at the moment, with a recommendation rating of 3.20. 2 analysts rate the stock as a Sell, while 0 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.

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Hyliion Holdings Corp. (NYSE:HYLN) trade information

Sporting 6.01% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the HYLN stock price touched $3.35 or saw a rise of 1.18%. Year-to-date, Hyliion Holdings Corp. shares have moved 43.16%, while the 5-day performance has seen it change 9.48%. Over the past 30 days, the shares of Hyliion Holdings Corp. (NYSE:HYLN) have changed 35.63%. Short interest in the company has seen 13.89 million shares shorted with days to cover at 9.99.

Wall Street analysts have a consensus price target for the stock at $3.44, which means that the shares’ value could jump 2.62% from current levels. The projected low price target is $2.25 while the price target rests at a high of $4.00. In that case, then, we find that the current price level is -19.4% off the targeted high while a plunge would see the stock lose 32.84% 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 -11.14% over the past 6 months, with this year growth rate of -58.93%, compared to 4.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -46.70% and -47.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 870.00%.

4 analysts offering their estimates for the company have set an average revenue estimate of $660k for the current quarter. 4 have an estimated revenue figure of $900k for the next quarter concluding in Dec 2022.

HYLN Dividends

Hyliion Holdings Corp. is expected to release its next earnings report between February 21 and February 27 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 33.10% of the company shares, while shares held by institutions stand at 33.79% with a share float percentage of 50.51%. Investors are also buoyed by the number of investors in a company, with Hyliion Holdings Corp. having a total of 186 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 11.03 million shares worth more than $35.53 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 6.34% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 9.81 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $31.58 million and represent 5.64% 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 Jun 29, 2022, the former fund manager holds about 2.08% shares in the company for having 3.61 million shares of worth $11.63 million while later fund manager owns 3.13 million shares of worth $10.08 million as of Jun 29, 2022, which makes it owner of about 1.80% of company’s outstanding stock.

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