Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $2.73 in the prior trading day, Hyliion Holdings Corporation (AMEX: HYLN) closed at $2.63, down -3.66%. In other words, the price has decreased by -$3.66 from its previous closing price. On the day, 1.09 million shares were traded. HYLN stock price reached its highest trading level at $2.765 during the session, while it also had its lowest trading level at $2.6.
Ratios:
Our goal is to gain a better understanding of HYLN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 17.62 and its Current Ratio is at 17.62. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 the company, Northland Capital on October 12, 2023, Downgraded its rating to Market Perform and sets its target price to $1.50 from $2.80 previously.
On November 22, 2022, Northland Capital started tracking the stock assigning a Outperform rating and target price of $4.
Cantor Fitzgerald Downgraded its Overweight to Neutral on August 11, 2022, while the target price for the stock was maintained at $5.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 22 ’24 when Cubbage Vincent T. sold 65,000 shares for $3.90 per share. The transaction valued at 253,500 led to the insider holds 972,078 shares of the business.
Craig Jeffrey A bought 50,000 shares of HYLN for $147,500 on Nov 20 ’24. The Director now owns 282,060 shares after completing the transaction at $2.95 per share. On Sep 11 ’24, another insider, RAMASAMY GOVINDARAJ, who serves as the Chief Commercial Officer of the company, bought 30,000 shares for $1.92 each. As a result, the insider paid 57,600 and bolstered with 298,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HYLN now has a Market Capitalization of 456920448 and an Enterprise Value of 340876288. Its current Enterprise Value per Revenue stands at 3550.795 whereas that against EBITDA is -4.234.
Stock Price History:
Over the past 52 weeks, HYLN has reached a high of $4.09, while it has fallen to a 52-week low of $0.79. The 50-Day Moving Average of the stock is -7.92%, while the 200-Day Moving Average is calculated to be 28.53%.
Shares Statistics:
The stock has traded on average 1.30M shares per day over the past 3-months and 1417370 shares per day over the last 10 days, according to various share statistics. A total of 173.73M shares are outstanding, with a floating share count of 117.71M. Insiders hold about 32.25% of the company’s shares, while institutions hold 25.51% stake in the company. Shares short for HYLN as of 1728950400 were 11666396 with a Short Ratio of 9.57, compared to 1726185600 on 11521057. Therefore, it implies a Short% of Shares Outstanding of 11666396 and a Short% of Float of 8.469999999999999.
