Cantor Fitzgerald raised the price target for the Hyliion Holdings Corp. (NYSE:HYLN) stock to “an Overweight”. The rating was released on July 06, 2021. We previously noted in another research note published on February 03, 2021 by Goldman that downgraded the stock from a Neutral to a Sell with a price target of $12 for HYLN stock. The research report from Barclays has initiated the stock to Overweight, with a price target set at $20. The stock was initiated by JP Morgan, who disclosed in a research note on October 28, 2020, to Neutral and set the price objective to $27. In their research brief published October 15, 2020, Goldman analysts initiated the Hyliion Holdings Corp. stock to Neutral with a price target of $22.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Hyliion Holdings Corp. (NYSE:HYLN) dipped -2.43% to close Tuesday’s market session at $8.04, lower as compared to yesterday’s close. The stock price fluctuated between $7.89 and $8.27 throughout the trading session with the volume trading being 3667676 shares, which represented a significant variation when compared to the three months average volume of 3.23 million shares. The firm’s stock price fluctuated -17.71% within the last five trades and -13.46% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -56.73% in the last 6 months and -16.51% was subtracted to its value over the previous 3 months. HYLN stock is trading at a margin of -15.22%, -24.24% and -42.92% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, HYLN deals in the Consumer Cyclical domain. The stock is trading -86.29 percent below its 52-week high and 4.55 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -73.28. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Hyliion Holdings Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $1.45 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Hyliion Holdings Corp. (NYSE:HYLN) is 2.91. The firm managed a Price-to-Book ratio of 2.28, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 21.50 percent of Hyliion Holdings Corp. shares are owned by insiders, and 26.40 percent are held by financial institutions. OLKKOLA EDWARD E, the Director at Hyliion Holdings Corp. (HYLN) has sold 100,000 shares of firm on Aug 02 at a price of $9.72 against the total amount of $0.97 million. In another inside trade, Healy Thomas J., Chief Executive Officer of Hyliion Holdings Corp. (NYSE:HYLN) sold 200,000 shares of the firm on Jul 28 for a total worth of $1.97 million at a price of $9.84. An inside trade which took place on Jun 30, Chief Executive Officer of Hyliion Holdings Corp. Healy Thomas J. sold 100,000 shares of firm against total price of $1.17 million at the cost of $11.65 per share.