Hyliion Holdings Corporation (NYSE: HYLN) Stock: Does It Have More Upside?

In the last trading session, 1.34 million shares of the Hyliion Holdings Corporation (NYSE:HYLN) were traded, and its beta was 1.77. Most recently the company’s share price was $1.27, and it changed around -$0.04 or -3.05% from the last close, which brings the market valuation of the company to $232.68M. HYLN currently trades at a discount to its 52-week high of $2.29, offering almost -80.31% off that amount. The share price’s 52-week low was $0.52, which indicates that the current value has risen by an impressive 59.06% since then. We note from Hyliion Holdings Corporation’s average daily trading volume that its 3-month average coming to 1.14 million.

Hyliion Holdings Corporation (NYSE:HYLN) trade information

Instantly HYLN has showed a red trend with a performance of -3.05% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 56.08% year-to-date, but still down -4.51% over the last five days. On the other hand, Hyliion Holdings Corporation (NYSE:HYLN) is -14.77% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $3.13, which translates to bulls needing to increase their stock price by 59.42% from its current value. Analyst projections state that HYLN is forecast to be at a low of $2.25 and a high of $4.

Hyliion Holdings Corporation (HYLN) estimates and forecasts

Hyliion Holdings Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 104.87 percent over the past six months and at a 58.73% annual growth rate that is well above the industry average of 12.50%.