In the last trading session, 1.15 million shares of the Hyliion Holdings Corporation (AMEX:HYLN) were traded, and its beta was 2.04. Most recently the company’s share price was $3.23, and it changed around -$0.02 or -0.62% from the last close, which brings the market valuation of the company to $557.71M. HYLN currently trades at a discount to its 52-week high of $4.09, offering almost -26.63% off that amount. The share price’s 52-week low was $0.58, which indicates that the current value has risen by an impressive 82.04% since then. We note from Hyliion Holdings Corporation’s average daily trading volume that its 10-day average is 1.75 million shares, with the 3-month average coming to 1.19 million.
Hyliion Holdings Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended HYLN as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Hyliion Holdings Corporation is expected to report earnings per share of 0 for the current quarter.
Hyliion Holdings Corporation (AMEX:HYLN) trade information
Instantly HYLN has showed a red trend with a performance of -0.62% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.70 on recent trading dayincreased the stock’s daily price by 12.7%. The company’s shares are currently up 296.95% year-to-date, but still down -12.47% over the last five days. On the other hand, Hyliion Holdings Corporation (AMEX:HYLN) is 25.19% up in the 30-day period. We can see from the shorts that 11.67 million shares have been sold at a short interest cover period of 11.59 day(s).
The consensus price target as assigned by Wall Street analysts is $3.12, which translates to bulls needing to decrease their stock price by -3.53% 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 134.06 percent over the past six months and at a 55.56% annual growth rate that is well above the industry average of 8.20%. The year-over-year growth rate is expected to be 74,304.76%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 500M in revenue for the current quarter. 1 analysts expect Hyliion Holdings Corporation to make 750M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 0.00%.
HYLN Dividends
Hyliion Holdings Corporation’s next quarterly earnings report is expected to be released in January.
Hyliion Holdings Corporation (AMEX:HYLN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 32.97% of Hyliion Holdings Corporation shares, and 23.42% of them are in the hands of institutional investors. The stock currently has a share float of 34.94%. Hyliion Holdings Corporation stock is held by 143.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.2992% of the shares, which is about 9.46 million shares worth $15.32 million.
VANGUARD GROUP INC, with 4.0622% or 7.25 million shares worth $11.75 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
