During the last session, Hyliion Holdings Corporation (NYSE:HYLN)’s traded shares were 0.72 million, with the beta value of the company hitting 1.90. At the end of the trading day, the stock’s price was $2.43, reflecting an intraday gain of 4.74% or $0.11. The 52-week high for the HYLN share is $2.73, that puts it down -12.35 from that peak though still a striking 78.6% gain since the share price plummeted to a 52-week low of $0.52. The company’s market capitalization is $421.80M, and the average intraday trading volume over the past 10 days was 1.15 million shares, and the average trade volume was 952.45K shares over the past three months.
Hyliion Holdings Corporation (HYLN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. HYLN has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Hyliion Holdings Corporation (NYSE:HYLN) trade information
Hyliion Holdings Corporation (HYLN) registered a 4.74% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.74% in intraday trading to $2.43, hitting a weekly high. The stock’s 5-day price performance is -0.41%, and it has moved by 25.26% in 30 days. Based on these gigs, the overall price performance for the year is 271.50%. The short interest in Hyliion Holdings Corporation (NYSE:HYLN) is 11.69 million shares and it means that shorts have 11.6 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.12, which implies an increase of 22.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.25 and $4 respectively. As a result, HYLN is trading at a discount of -64.61% off the target high and 7.41% off the low.
Hyliion Holdings Corporation (HYLN) estimates and forecasts
Statistics show that Hyliion Holdings Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Hyliion Holdings Corporation (HYLN) shares have gone up 71.13% during the last six months, with a year-to-date growth rate more than the industry average at 53.97% against 7.10.
As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 690k and 266k respectively.
While earnings are projected to return 57.35% in 2024.
HYLN Dividends
Hyliion Holdings Corporation is due to release its next quarterly earnings on 2024-Feb-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Hyliion Holdings Corporation (NYSE:HYLN)’s Major holders
Hyliion Holdings Corporation insiders own 32.97% of total outstanding shares while institutional holders control 23.36%, with the float percentage being 34.84%. BLACKROCK INC. is the largest shareholder of the company, while 139.0 institutions own stock in it. As of 2024-06-30, the company held over 9.46 million shares (or 5.2992% of all shares), a total value of $15.32 million in shares.
The next largest institutional holding, with 7.25 million shares, is of VANGUARD GROUP INC’s that is approximately 4.0622% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.75 million.
