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Why Heliogen Inc. (NYSE: HLGN) Is Worth A Spot On Your Watchlist

Heliogen Inc. (NYSE:HLGN)’s traded shares stood at 2.62 million during the last session. At the close of trading, the stock’s price was $0.21, to imply a decrease of -7.91% or -$0.02 in intraday trading. The HLGN share’s 52-week high remains $6.74, putting it -3109.52% down since that peak but still an impressive 4.76% since price per share fell to its 52-week low of $0.20. The company has a valuation of $35.84M, with an average of 3.38 million shares in intraday trading volume over the past 10 days and average of 2.97 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Heliogen Inc. (HLGN), translating to a mean rating of 2.70. Of 3 analyst(s) looking at the stock, 0 analyst(s) give HLGN 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 -$0.16.

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Heliogen Inc. (NYSE:HLGN) trade information

After registering a -7.91% downside in the last session, Heliogen Inc. (HLGN) has traded red over the past five days. The stock hit a weekly high of 0.2583 this Wednesday, 03/15/23, dropping -7.91% in its intraday price action. The 5-day price performance for the stock is -20.27%, and -47.12% over 30 days. With these gigs, the year-to-date price performance is -70.31%. Short interest in Heliogen Inc. (NYSE:HLGN) saw shorts transact 3.45 million shares and set a 3.85 days time to cover.

Analysts on Wall Street suggest a consensus price target of $1.31, implying an increase of 83.97% to the stock’s current value. The extremes give us $0.29 and $3.00 for target low and target high price respectively. As such, HLGN has been trading -1328.57% off suggested target high and -38.1% from its likely low.

Heliogen Inc. (HLGN) estimates and forecasts

The rating firms project that company’s revenue will grow 81.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $3.98 million. Meanwhile, for the quarter ending Mar 2023, a total of 1 analyst(s) estimate revenue growth to $5.64 million.Earnings reports from the last fiscal year show that sales brought in $5.24 million and $3.54 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -24.10% before jumping 59.40% in the following quarter.

HLGN Dividends

Heliogen Inc. has its next earnings report out between March 27 and March 31. 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. Heliogen Inc. 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%.

Heliogen Inc. (NYSE:HLGN)’s Major holders

Heliogen Inc. insiders hold 17.97% of total outstanding shares, with institutional holders owning 45.52% of the shares at 55.49% float percentage. In total, 45.52% institutions holds shares in the company, led by Prime Movers Lab, LLC. As of Sep 29, 2022, the company held over 23.95 million shares (or 12.51% of shares), all amounting to roughly $44.54 million.

The next major institution holding the largest number of shares is Invesco Ltd. with 11.93 million shares, or about 6.23% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $22.18 million.

We also have Smallcap World Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Heliogen Inc. (HLGN) shares. Going by data provided on Dec 30, 2022, Smallcap World Fund holds roughly 5.8 million shares. This is just over 3.03% of the total shares, with a market valuation of $4.05 million. Data from the same date shows that the other fund manager holds a little less at 4.87 million, or 2.55% of the shares, all valued at about 9.07 million.

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