Considering Hyliion Holdings Corp. (HYLN) as a potential investment: What Should You Do?

The price of Hyliion Holdings Corp. (NYSE: HYLN) closed at $3.02 in the last session, up 2.03% from day before closing price of $2.96. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 760744 shares were traded. HYLN stock price reached its highest trading level at $3.0700 during the session, while it also had its lowest trading level at $2.9125.

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Ratios:

We take a closer look at HYLN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 23.50 and its Current Ratio is at 23.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Northland Capital on November 22, 2022, initiated with a Outperform rating and assigned the stock a target price of $4.

On August 11, 2022, Cantor Fitzgerald Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $5.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 18 when Card Andrew H JR bought 10,000 shares for $3.18 per share. The transaction valued at 31,800 led to the insider holds 56,435 shares of the business.

Oxholm Jose Miguel bought 1,000 shares of HYLN for $2,990 on Nov 17. The VP, General Counsel & CCO now owns 213,104 shares after completing the transaction at $2.99 per share. On Nov 16, another insider, GALLAGHER DENNIS M., who serves as the Chief Operating Officer of the company, bought 20,000 shares for $3.10 each. As a result, the insider paid 62,000 and bolstered with 281,119 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 473.51 while its Price-to-Book (P/B) ratio in mrq is 1.17.

Stock Price History:

Over the past 52 weeks, HYLN has reached a high of $7.07, while it has fallen to a 52-week low of $2.33. The 50-Day Moving Average of the stock is 2.8066, while the 200-Day Moving Average is calculated to be 3.5296.

Shares Statistics:

According to the various share statistics, HYLN traded on average about 1.25M shares per day over the past 3-months and 1.27M shares per day over the past 10 days. A total of 174.34M shares are outstanding, with a floating share count of 122.02M. Insiders hold about 0.30% of the company’s shares, while institutions hold 32.90% stake in the company. Shares short for HYLN as of Oct 13, 2022 were 13.89M with a Short Ratio of 13.89M, compared to 15.19M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.98% and a Short% of Float of 10.41%.

Earnings Estimates

The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.2 and a low estimate of -$0.23, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.24 and low estimates of -$0.26.

Analysts are recommending an EPS of between -$0.8 and -$0.83 for the fiscal current year, implying an average EPS of -$0.82. EPS for the following year is -$0.97, with 4 analysts recommending between -$0.81 and -$1.15.

Revenue Estimates

A total of 4 analysts have provided revenue estimates for HYLN’s current fiscal year. The highest revenue estimate was $2.5M, while the lowest revenue estimate was $1.14M, resulting in an average revenue estimate of $1.94M. In the same quarter a year ago, actual revenue was $200k, up 870.00% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $7.95M in the next fiscal year. The high estimate is $13.6M and the low estimate is $4M. The average revenue growth estimate for next year is up 309.80% from the average revenue estimate for this year.