Is Hyliion Holdings Corp. (HYLN) positioned for future growth?

Hyliion Holdings Corp. (NYSE: HYLN) stock fell -4.11% on Friday to $4.43 against a previous-day closing price of $4.62. With 1.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.71 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.6550 whereas the lowest price it dropped to was $4.3600. The 52-week range on HYLN shows that it touched its highest point at $9.89 and its lowest point at $2.69 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 1.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HYLN was down-trending over the past week, with a drop of -2.21%, but this was up by 22.04% over a month. Three-month performance surged to 56.54% while six-month performance rose 3.75%. The stock lost -53.07% in the past year, while it has lost -28.55% so far this year. A look at the trailing 12-month EPS for HYLN yields -0.62 with Next year EPS estimates of -0.91. For the next quarter, that number is -0.20. This implies an EPS growth rate of -119.00% for this year and -13.70% for next year.

Float and Shares Shorts:

At present, 173.59 million HYLN shares are outstanding with a float of 109.90 million shares on hand for trading. On Jul 14, 2022, short shares totaled 13.77 million, which was 7.92% higher than short shares on Jun 14, 2022. In addition to Mr. Thomas J. Healy as the firm’s Founder, Pres, CEO & Director, Ms. Sherri Baker serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 30.21% of HYLN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 34.62% of HYLN, in contrast to 15.03% held by mutual funds. Shares owned by individuals account for 11.39%. As the largest shareholder in HYLN with 5.58% of the stake, The Vanguard Group, Inc. holds 9,699,113 shares worth 9,699,113. A second-largest stockholder of HYLN, BlackRock Fund Advisors, holds 7,248,522 shares, controlling over 4.17% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in HYLN, holding 2,932,200 shares or 1.69% stake. With a 2.08% stake in HYLN, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,612,900 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.80% of HYLN stock, is the second-largest Mutual Fund holder. It holds 3,128,876 shares valued at 10.07 million. iShares Russell 2000 ETF holds 1.68% of the stake in HYLN, owning 2,913,372 shares worth 9.38 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HYLN since 4 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HYLN analysts setting a high price target of $5.00 and a low target of $3.00, the average target price over the next 12 months is $4.00. Based on these targets, HYLN could surge 12.87% to reach the target high and fall by -32.28% to reach the target low. Reaching the average price target will result in a decline of -9.71% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HYLN will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of -$0.78 being high and -$0.83 being low. For HYLN, this leads to a yearly average estimate of -$0.80. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Hyliion Holdings Corp. surprised analysts by $0.01 when it reported -$0.19 EPS against a consensus estimate of -$0.20. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.20 and the low estimate is -$0.22. The average estimate for the next quarter is thus -$0.21.

Summary of Insider Activity:

Insiders traded HYLN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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