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Tuesday, September 26, 2023

Investing In Hyliion Holdings Corp. (NYSE: HYLN): Why Should You?

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 Hyliion Holdings Corp. (HYLN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $1.28. The Hyliion Holdings Corp. has recorded 9,624 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Gabelli Funds to Host 47th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada.

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Stocks Info

The company is listed on the NYSE and operates within the Auto Parts industry segment. At the end of the last regular session, the stock closed at $1.28 and fluctuated between $1.3200 as its day high and $1.2400 as its day low. The current market capitalization of Hyliion Holdings Corp. is $237.64M. A total of 0.78 million shares were traded on the day, compared to an average of 1.45M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, HYLN has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 201,168 shares. Over the last 12 months, there were 28 BUYs and 16 SELLs from insiders. Insiders purchased 1,345,711 shares during that period but sold 290,225.

In the most recent transaction, Card Andrew H JR bought 10,000 shares of HYLN for 3.18 per share on Nov 18. After the transaction, the Director now owns 56,435 company shares. In a previous transaction on Nov 17, Oxholm Jose Miguel bought 1,000 shares at 2.99 per share. HYLN shares that VP, General Counsel & CCO owns now total 213,104.

Among the insiders who bought shares, GALLAGHER DENNIS M. acquired of 20,000 shares on Nov 16 at a per-share price of $3.10. This resulted in the Chief Operating Officer holding 281,119 shares of HYLN after the transaction. In another insider transaction, Panzer Jon bought 13,850 shares at $3.23 per share on Nov 15. Company shares held by the Chief Financial Officer now total 121,494.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for HYLN in the last 3 months, the mean price target is $2.01 with high estimates of $2.80 and low estimates of $1.25. In terms of 52-week highs and lows, HYLN has a high of $3.88 and a low of $1.15.

As of this writing, HYLN has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.16 per share and a lower estimate of -$0.19. The company reported an EPS of -$0.16 in the last quarter, which was 11.10% higher than expectations of -$0.18.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HYLN’s latest balance sheet shows that the firm has $377.23M in Cash & Short Term Investments as of fiscal 2021. There were $8.64M in debt and $15.23M in liabilities at the time. Its Book Value Per Share was $2.01, while its Total Shareholder’s Equity was $553.91M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 HYLN is Buy with a score of 2.50.

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