Northland Capital has recently reduced Hyliion Holdings Corp (HYLN) stock to Market Perform rating, as announced on October 12, 2023, according to Finviz. Earlier, on November 22, 2022, Northland Capital had initiated the stock to Outperform, setting a price target of $4. Cantor Fitzgerald also reduced Neutral rating with a price target of $5. Additionally, JP Morgan reduced Underweight rating on June 21, 2022. UBS analysts, in their report published on March 2, 2022, also raised Neutral rating and set a price target of $4 for Hyliion Holdings Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Hyliion Holdings Corp (HYLN) Stock Trading Recap
On Friday, Hyliion Holdings Corp (HYLN) stock saw a modest uptick, ending the day at $3.8 which represents a slight increase of $0.09 or 2.43% from the prior close of $3.71. The stock opened at $3.71 and touched a low of $3.58 during the day, reaching a high of $3.83. The volume of shares traded was 0.96 million falling short of the average volume of 1.10 million.
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HYLN Stock Performance and Moving Averages
In recent trading, Hyliion Holdings Corp (HYLN) stock price has shown some volatility, fluctuating 2.42% over the last five trades and 57.02% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 156.75%, and it has gained 103.20% in the previous three months. Currently, HYLN is trading at 26.66%, 43.03%, and 96.36% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, HYLN, a Consumer Cyclical sector stock, is trading -7.21% below its 52-week high but remains 594.05% above its 52-week low. The Average True Range (ATR) (14 days) of 0.28 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Hyliion Holdings Corp’s Profitability and Valuation Ratios
Hyliion Holdings Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of 0.00% with a gross margin of 156.75%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Hyliion Holdings Corp’s market capitalization stands at $660.17 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Book Ratio is 2.56, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 31.56% of Hyliion Holdings Corp (HYLN)’s shares, while financial institutions hold 25.47%.
Notable insider trades include Cubbage Vincent T., Director at Hyliion Holdings Corp (HYLN), who sold 65000 shares on Nov 22 ’24, at $3.9 each, totaling $0.25 million.