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Tuesday, January 31, 2023

Is Heliogen Inc. (NYSE: HLGN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Heliogen Inc. (HLGN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0007, or 0.10%, to $0.676. The Heliogen Inc. has recorded 11,863 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Heliogen, Inc. Receives Continued Listing Notice from NYSE.

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Stocks Info

HLGN belongs to the Utilities sector of the NYSE while operating in the Utilities – Renewable industry. At the end of the last regular session, the stock closed at $0.68 and fluctuated between $0.7400 as its day high and $0.6501 as its day low. The current market capitalization of Heliogen Inc. is $95.49M. A total of 1.34 million shares were traded on the day, compared to an average of 1.88M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HLGN has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 250,000 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 76 SELLs from insiders. Insiders purchased 1,201,330 shares during that period but sold 9,943,075.

In the most recent transaction, Lambert Andrew Alan bought 48,000 shares of HLGN for 0.61 per share on Dec 20. After the transaction, the Chf. Mfg. & Sply. Chain Ofc. now owns 737,311 company shares. In a previous transaction on Nov 18, GROSS WILLIAM bought 50,000 shares at 1.00 per share. HLGN shares that CHIEF EXECUTIVE OFFICER owns now total 1,672,612.

Among the insiders who sold shares, NeoTribe Partners I, LLC disposed of 111,263 shares on Aug 25 at a per-share price of $2.48. This resulted in the 10% Owner holding 728,950 shares of HLGN after the transaction. In another insider transaction, NeoTribe Partners I, LLC sold 138,665 shares at $2.55 per share on Aug 24. Company shares held by the 10% Owner now total 733,255.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HLGN in the last 3 months, the mean price target is $8.67 with high estimates of $19.00 and low estimates of $2.00. In terms of 52-week highs and lows, HLGN has a high of $16.35 and a low of $0.46.

As of this writing, HLGN has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.09 in the last quarter, which was -12.50% lower than expectations of -$0.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HLGN is Buy with a score of 3.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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