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At $2.36 Hyliion Holdings Corp. (NYSE: HYLN) Is Worth A Gamble

Hyliion Holdings Corp. (NYSE:HYLN)’s traded shares stood at 1.64 million during the last session, with the company’s beta value hitting 1.53. At the close of trading, the stock’s price was $2.36, to imply an increase of 2.61% or $0.06 in intraday trading. The HYLN share’s 52-week high remains $4.73, putting it -100.42% down since that peak but still an impressive 12.71% since price per share fell to its 52-week low of $2.06. The company has a valuation of $421.09M, with an average of 1.46 million shares in intraday trading volume over the past 10 days and average of 1.16 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Hyliion Holdings Corp. (HYLN), translating to a mean rating of 3.20. Of 5 analyst(s) looking at the stock, 2 analyst(s) give HYLN a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.18.

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Hyliion Holdings Corp. (NYSE:HYLN) trade information

After registering a 2.61% upside in the last session, Hyliion Holdings Corp. (HYLN) has traded red over the past five days. The stock hit a weekly high of 2.48 this Wednesday, 03/15/23, jumping 2.61% in its intraday price action. The 5-day price performance for the stock is -2.88%, and -27.16% over 30 days. With these gigs, the year-to-date price performance is 0.85%. Short interest in Hyliion Holdings Corp. (NYSE:HYLN) saw shorts transact 11.18 million shares and set a 10.83 days time to cover.

Analysts on Wall Street suggest a consensus price target of $3.44, implying an increase of 31.4% to the stock’s current value. The extremes give us $2.50 and $4.00 for target low and target high price respectively. As such, HYLN has been trading -69.49% off suggested target high and -5.93% from its likely low.

Hyliion Holdings Corp. (HYLN) estimates and forecasts

Looking at statistics comparing Hyliion Holdings Corp. share performance against respective industry, we note that the company has underperformed competitors. Hyliion Holdings Corp. (HYLN) shares are -22.11% down over the last 6 months, with its year-to-date growth rate lower than industry average at 11.49% against 18.70%. The rating firms project that company’s revenue will grow 620.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $690k. Meanwhile, for the quarter ending Jun 2023, a total of 5 analyst(s) estimate revenue growth to $710k.Earnings reports from the last fiscal year show that sales brought in $340k and $172k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 102.90% before jumping 312.80% in the following quarter.

HYLN Dividends

Hyliion Holdings Corp. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hyliion Holdings Corp. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

Hyliion Holdings Corp. insiders hold 32.57% of total outstanding shares, with institutional holders owning 31.96% of the shares at 47.40% float percentage. In total, 31.96% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Dec 30, 2022, the company held over 11.86 million shares (or 6.59% of shares), all amounting to roughly $27.99 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 10.12 million shares, or about 5.62% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $23.88 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Hyliion Holdings Corp. (HYLN) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 3.72 million shares. This is just over 2.07% of the total shares, with a market valuation of $8.78 million. Data from the same date shows that the other fund manager holds a little less at 3.08 million, or 1.72% of the shares, all valued at about 7.28 million.

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