Check out these key findings about Heliogen Inc. (HLGN)

Heliogen Inc. (NYSE: HLGN) stock jumped 6.64% on Monday to $0.60 against a previous-day closing price of $0.56. With 1.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.9 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $0.6143 whereas the lowest price it dropped to was $0.5500. The 52-week range on HLGN shows that it touched its highest point at $6.74 and its lowest point at $0.46 during that stretch. It currently has a 1-year price target of $3.50.

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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 HLGN was down-trending over the past week, with a drop of -13.63%, but this was up by 0.35% over a month. Three-month performance dropped to -69.29% while six-month performance fell -68.32%. The stock lost -85.32% in the past year, while it has lost -14.24% so far this year. A look at the trailing 12-month EPS for HLGN yields -0.84 with Next year EPS estimates of -0.75. For the next quarter, that number is -0.16. This implies an EPS growth rate of 88.50% for this year and -41.50% for next year.

Float and Shares Shorts:

At present, 192.58 million HLGN shares are outstanding with a float of 157.25 million shares on hand for trading. On Oct 13, 2022, short shares totaled 8.84 million, which was 4.64% higher than short shares on Sep 14, 2022. In addition to Mr. William T. Gross as the firm’s Founder, Chairman & CEO, Ms. Christiana Obiaya serves as its CFO & Head of Exec. Committee.


Institutional Ownership:

Through their ownership of 42.54% of HLGN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 40.24% of HLGN, in contrast to 27.46% held by mutual funds. Shares owned by individuals account for 13.37%. As the largest shareholder in HLGN with 13.40% of the stake, Nant Capital LLC holds 25,657,986 shares worth 25,657,986. A second-largest stockholder of HLGN, Invesco Capital Management LLC, holds 11,923,907 shares, controlling over 6.23% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in HLGN, holding 7,150,975 shares or 3.74% stake. With a 3.03% stake in HLGN, the American Funds Small Cap World Fu is the largest stakeholder. A total of 5,800,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.55% of HLGN stock, is the second-largest Mutual Fund holder. It holds 4,874,100 shares valued at 3.4 million. Morgan Stanley Insight Fund holds 1.62% of the stake in HLGN, owning 3,097,525 shares worth 2.16 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLGN since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 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 HLGN analysts setting a high price target of $6.00 and a low target of $2.00, the average target price over the next 12 months is $4.33. Based on these targets, HLGN could surge 900.0% to reach the target high and rise by 233.33% to reach the target low. Reaching the average price target will result in a growth of 621.67% 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. HLGN will report FY 2022 earnings on 03/26/2024. Analysts have provided yearly estimates in a range of -$0.63 being high and -$0.75 being low. For HLGN, this leads to a yearly average estimate of -$0.69. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Heliogen Inc. surprised analysts by $0.00 when it reported -$0.14 EPS against a consensus estimate of -$0.14. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.16.

Summary of Insider Activity:

Insiders traded HLGN stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 331,555 shares were bought while 0 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 76 over the past year. The total number of shares bought during that period was 1,282,885 while 9,943,075 shares were sold.

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