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Wednesday, December 6, 2023

Hyliion Holdings Corporation (HYLN) Is Not Likely To Be The Same Tomorrow

After Hours

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. After-hours trades for Hyliion Holdings Corporation (HYLN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0292, or 4.49%, to $0.679. The Hyliion Holdings Corporation has recorded 9,201 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Hyliion Holdings Schedules Third Quarter Financial Results Conference Call and Webcast for November 9, 2023.

Stocks Info

Hyliion Holdings Corporation is listed on the NYSE in the Consumer Cyclical sector while operating in the Auto Parts industry. The current market capitalization of Hyliion Holdings Corporation is $117.76M. A total of 0.63 million shares were traded on the day, compared to an average of 2.02M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HYLN has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 8,691 shares. Over the last 12 months, there were 28 BUYs and 18 SELLs from insiders. Insiders purchased 1,345,711 shares during that period but sold 292,626.

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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HYLN in the last 3 months, the mean price target is $1.25 with high estimates of $1.50 and low estimates of $1.00. In terms of 52-week highs and lows, HYLN has a high of $3.88 and a low of $0.52.

As of this writing, HYLN has an earnings estimate of $Hyzon Motors Inc. per share for the current quarter. EPS was calculated based on a consensus of Hyliion Holdings Corp. estimates, with a high estimate of $HYIN per share and a lower estimate of $Haleon plc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $2.00, while its Total Shareholder’s Equity was $553.91M.

Analysts Opinion

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. 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 1.50.

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