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Sunday, April 2, 2023

There Is A Quest For Clarity Surrounding Heliogen Inc. (NYSE: HLGN) Volatility

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Heliogen Inc. (HLGN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0085, or 3.27%, to $0.2685. The Heliogen Inc. has recorded 45,851 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Heliogen Announces Updates to Strengthen Its Board and Drive Implementation of Strategic Plan and Growth Initiatives.

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Stocks Info

Heliogen Inc. is listed on the NYSE as a member of the Utilities sector and is a part of the Utilities – Renewable industry. At the end of the last regular session, the stock closed at $0.26 and fluctuated between $0.2889 as its day high and $0.2500 as its day low. The current market capitalization of Heliogen Inc. is $49.00M. A total of 4.64 million shares were traded on the day, compared to an average of 2.98M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, HLGN has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 81,555 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 76 SELLs from insiders. Insiders purchased 1,040,461 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for HLGN in the last 3 months, the mean price target is $1.83 with high estimates of $3.00 and low estimates of $0.65. In terms of 52-week highs and lows, HLGN has a high of $6.74 and a low of $0.26.

As of this writing, HLGN has an earnings estimate of -$0.16 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.17. The company reported an EPS of -$0.11 in the last quarter, which was -83.30% lower than expectations of -$0.06.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 2 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 1 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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