Hyliion Holdings Corporation (HYLN) average volume reaches $2.00M: Is Wall Street expecting a rally?

Hyliion Holdings Corporation (NYSE: HYLN) kicked off on November 20, 2023, at the price of $0.60, up 3.02% from the previous trading day. During the day, the shares moved up to $0.628 and dropped to $0.58 before settling in for the closing price of $0.59. Over the past 52 weeks, HYLN has traded in a range of $0.52-$3.88.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 238.25%. While this was happening, its average annual earnings per share was recorded 20.69%. With a float of $125.07 million, this company’s outstanding shares have now reached $179.83 million.

Considering the fact that the conglomerate employs 250 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -434.14, operating margin of -7551.28, and the pretax margin is -7281.91.

Hyliion Holdings Corporation (HYLN) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Auto Parts Industry. The insider ownership of Hyliion Holdings Corporation is 31.58%, while institutional ownership is 20.53%. The most recent insider transaction that took place on Nov 16, was worth 13,200. In this transaction Chief Strategy Officer of this company bought 20,000 shares at a rate of $0.66, taking the stock ownership to the 281,373 shares. Before that another transaction happened on Nov 15, when Company’s Chief Executive Officer bought 139,798 for $0.64, making the entire transaction worth $89,471. This insider now owns 33,422,349 shares in total.

Hyliion Holdings Corporation (HYLN) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.17 earnings per share (EPS), higher than consensus estimate (set at -$0.18) by $0.01. This company achieved a net margin of -7281.91 while generating a return on equity of -31.38. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 20.69% per share during the next fiscal year.

Hyliion Holdings Corporation (NYSE: HYLN) Trading Performance Indicators

Take a look at Hyliion Holdings Corporation’s (HYLN) current performance indicators. Last quarter, stock had a quick ratio of 14.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 62.43.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.69, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.45 in one year’s time.

Technical Analysis of Hyliion Holdings Corporation (HYLN)

Compared to the last year’s volume of 1.63 million, its volume of 1.29 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 56.65%. Additionally, its Average True Range was 0.07.

During the past 100 days, Hyliion Holdings Corporation’s (HYLN) raw stochastic average was set at 4.89%, which indicates a significant decrease from 47.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.10% in the past 14 days, which was lower than the 123.49% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.8700, while its 200-day Moving Average is $1.6401. Nevertheless, the first resistance level for the watch stands at $0.6283 in the near term. At $0.6522, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6763. If the price goes on to break the first support level at $0.5803, it is likely to go to the next support level at $0.5562. Should the price break the second support level, the third support level stands at $0.5323.

Hyliion Holdings Corporation (NYSE: HYLN) Key Stats

The company with the Market Capitalisation of 110.50 million has total of 182,789K Shares Outstanding. Its annual sales at the moment are 2,110 K in contrast with the sum of -153,360 K annual income. Company’s last quarter sales were recorded 100 K and last quarter income was -30,320 K.


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