A share price of Hyliion Holdings Corporation [HYLN] is currently trading at $1.94, up 10.86%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HYLN shares have gain 17.58% over the last week, with a monthly amount glided 42.65%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hyliion Holdings Corporation [NYSE: HYLN] stock has seen the most recent analyst activity on October 12, 2023, when Northland Capital downgraded its rating to a Market Perform and also revised its price target to $1.50 from $2.80. Previously, Northland Capital started tracking the stock with Outperform rating on November 22, 2022, and set its price target to $4. On August 11, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $5 on the stock. JP Morgan downgraded its rating to a Underweight. UBS upgraded its rating to a Neutral but $4 remained the price target by the analyst firm on March 02, 2022. In a note dated November 11, 2021, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $12 to $7.
Hyliion Holdings Corporation experienced fluctuations in its stock price throughout the past year between $0.52 and $2.29. Currently, Wall Street analysts expect the stock to reach $3.13 within the next 12 months. Hyliion Holdings Corporation [NYSE: HYLN] shares were valued at $1.94 at the most recent close of the market. An investor can expect a potential return of 61.34% based on the average HYLN price forecast.
Analyzing the HYLN fundamentals
Trailing Twelve Months sales for Hyliion Holdings Corporation [NYSE:HYLN] were 0.36M which represents -100.00% decline. Gross Profit Margin for this corporation currently stands at -8.15% with Operating Profit Margin at -298.83%, Pretax Profit Margin comes in at -304.62%, and Net Profit Margin reading is -304.62%. To continue investigating profitability, this company’s Return on Assets is posted at -0.37, Equity is -0.34 and Total Capital is -0.38. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8133 points at the first support level, and at 1.6867 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0033, and for the 2nd resistance point, it is at 2.0667.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hyliion Holdings Corporation [NYSE:HYLN] is 14.67. Further, the Quick Ratio stands at 14.67, while the Cash Ratio is 1.4. Considering the valuation of this stock, the price to sales ratio is 937.88, the price to book ratio is 1.21.
Transactions by insiders
Recent insider trading involved RAMASAMY GOVINDARAJ, Chief Commercial Officer, that happened on Jun 12 ’24 when 10000.0 shares were purchased. Director, KNIGHT ROBERT M JR completed a deal on Nov 21 ’23 to buy 100000.0 shares. Meanwhile, Chief Strategy Officer LANTZ CHERI bought 20000.0 shares on Nov 16 ’23.
