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As of close of business last night, Hyliion Holdings Corporation’s stock clocked out at $2.41, up 1.69% from its previous closing price of $2.37. In other words, the price has increased by $1.69 from its previous closing price. On the day, 1.68 million shares were traded. HYLN stock price reached its highest trading level at $2.4788 during the session, while it also had its lowest trading level at $2.2701.
Ratios:
To gain a deeper understanding of HYLN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.67 and its Current Ratio is at 14.67. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 12 ’24 when RAMASAMY GOVINDARAJ bought 10,000 shares for $1.50 per share. The transaction valued at 15,000 led to the insider holds 227,500 shares of the business.
KNIGHT ROBERT M JR bought 100,000 shares of HYLN for $57,000 on Nov 21 ’23. The Director now owns 176,435 shares after completing the transaction at $0.57 per share. On Nov 16 ’23, another insider, LANTZ CHERI, who serves as the Chief Strategy Officer of the company, bought 20,000 shares for $0.66 each. As a result, the insider paid 13,200 and bolstered with 281,373 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 419426784 and an Enterprise Value of 285651264. For the stock, the TTM Price-to-Sale (P/S) ratio is 1165.10 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 789.092 whereas that against EBITDA is -2.73.
Stock Price History:
The Beta on a monthly basis for HYLN is 1.94, which has changed by 0.20500004 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, HYLN has reached a high of $2.38, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is 53.68%, while the 200-Day Moving Average is calculated to be 101.02%.
Shares Statistics:
It appears that HYLN traded 663.71K shares on average per day over the past three months and 972370 shares per day over the past ten days. A total of 183.07M shares are outstanding, with a floating share count of 115.44M. Insiders hold about 33.67% of the company’s shares, while institutions hold 21.93% stake in the company. Shares short for HYLN as of 1719532800 were 10180440 with a Short Ratio of 15.34, compared to 1717113600 on 10811657. Therefore, it implies a Short% of Shares Outstanding of 10180440 and a Short% of Float of 7.359999999999999.
