During the last session, Hyliion Holdings Corporation (AMEX:HYLN)’s traded shares were 0.82 million, with the beta value of the company hitting 2.07. At the end of the trading day, the stock’s price was $2.49, reflecting an intraday gain of 1.63% or $0.04. The 52-week high for the HYLN share is $4.09, that puts it down -64.26 from that peak though still a striking 60.64% gain since the share price plummeted to a 52-week low of $0.98. The company’s market capitalization is $432.60M, and the average intraday trading volume over the past 10 days was 1.12 million shares, and the average trade volume was 1.32 million 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.
Hyliion Holdings Corporation (AMEX:HYLN) trade information
Hyliion Holdings Corporation (HYLN) registered a 1.63% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.63% in intraday trading to $2.49, hitting a weekly high. The stock’s 5-day price performance is 6.87%, and it has moved by -8.79% in 30 days. Based on these gigs, the overall price performance for the year is 128.44%. The short interest in Hyliion Holdings Corporation (AMEX:HYLN) is 11.67 million shares and it means that shorts have 11.59 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.12, which implies an increase of 20.19% 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 -60.64% off the target high and 9.64% 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 13.70% during the last six months, with a year-to-date growth rate more than the industry average at 55.56% against 8.90. In the rating firms’ projections, revenue will decrease -25.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 500k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 800k by the end of current fiscal year.
While earnings are projected to return 58.82% in 2025, the next five years will return 20.63% per annum.
HYLN Dividends
Hyliion Holdings Corporation is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Hyliion Holdings Corporation (AMEX:HYLN)’s Major holders
Hyliion Holdings Corporation insiders own 32.97% of total outstanding shares while institutional holders control 23.42%, with the float percentage being 34.94%. BLACKROCK INC. is the largest shareholder of the company, while 143.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Hyliion Holdings Corporation (HYLN) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 4.32 shares. This amounts to just over 2.49 percent of the company’s overall shares, with a $10.76 million market value. The same data shows that the other fund manager holds slightly less at 3.66, or about 2.11% of the stock, which is worth about $9.12 million.
