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The price of Hyliion Holdings Corporation (NYSE: HYLN) closed at $2.27 in the last session, down -8.47% from day before closing price of $2.48. In other words, the price has decreased by -$8.47 from its previous closing price. On the day, 1.15 million shares were traded. HYLN stock price reached its highest trading level at $2.45 during the session, while it also had its lowest trading level at $2.2201.
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 21.91 and its Current Ratio is at 21.91. In the meantime, Its Debt-to-Equity ratio is 0.02 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:
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 Sep 11 ’24 when RAMASAMY GOVINDARAJ bought 30,000 shares for $1.92 per share. The transaction valued at 57,600 led to the insider holds 298,000 shares of the business.
RAMASAMY GOVINDARAJ bought 10,000 shares of HYLN for $15,000 on Jun 12 ’24. The Chief Commercial Officer now owns 227,500 shares after completing the transaction at $1.50 per share. On Nov 21 ’23, another insider, KNIGHT ROBERT M JR, who serves as the Director of the company, bought 100,000 shares for $0.57 each. As a result, the insider paid 57,000 and bolstered with 176,435 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 394033440 and an Enterprise Value of 245405408. For the stock, the TTM Price-to-Sale (P/S) ratio is 3940.27 while its Price-to-Book (P/B) ratio in mrq is 1.47. Its current Enterprise Value per Revenue stands at 2556.306 whereas that against EBITDA is -3.048.
Stock Price History:
Over the past 52 weeks, HYLN has reached a high of $2.73, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is 11.65%, while the 200-Day Moving Average is calculated to be 45.48%.
Shares Statistics:
According to the various share statistics, HYLN traded on average about 927.06K shares per day over the past 3-months and 1421880 shares per day over the past 10 days. A total of 183.07M shares are outstanding, with a floating share count of 114.42M. Insiders hold about 34.09% of the company’s shares, while institutions hold 23.25% stake in the company. Shares short for HYLN as of 1726185600 were 11521057 with a Short Ratio of 12.43, compared to 1723680000 on 11127224. Therefore, it implies a Short% of Shares Outstanding of 11521057 and a Short% of Float of 8.36.
