How does Hyliion Holdings Corporation (HYLN) change from a tortoise to a hare?

Hyliion Holdings Corporation (NYSE: HYLN) stock fell -8.43% on Friday to $0.59 against a previous-day closing price of $0.64. With 2.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.99 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.6730 whereas the lowest price it dropped to was $0.5830. The 52-week range on HYLN shows that it touched its highest point at $3.88 and its lowest point at $0.52 during that stretch. It currently has a 1-year price target of $1.07. Beta for the stock currently stands at 1.54.

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 up-trending over the past week, with a rise of 6.79%, but this was down by -8.33% over a month. Three-month performance dropped to -53.06% while six-month performance fell -64.65%. The stock lost -80.82% in the past year, while it has lost -74.92% so far this year. A look at the trailing 12-month EPS for HYLN yields -0.69 with Next year EPS estimates of -0.54. For the next quarter, that number is -0.18. This implies an EPS growth rate of 19.66% for this year and 22.44% for next year.

Float and Shares Shorts:

At present, 179.83 million HYLN shares are outstanding with a float of 125.07 million shares on hand for trading. On Oct 30, 2023, short shares totaled 9.29 million, which was 5.13% higher than short shares on Sep 28, 2023. In addition to Mr. Thomas J. Healy as the firm’s Founder, President, CEO & Director, Mr. Jon T. Panzer serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 31.88% of HYLN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 34.65% of HYLN, in contrast to 10.37% held by mutual funds. Shares owned by individuals account for 10.36%. As the largest shareholder in HYLN with 4.68% of the stake, BlackRock Fund Advisors holds 8,483,631 shares worth 8,483,631. A second-largest stockholder of HYLN, The Vanguard Group, Inc., holds 6,377,128 shares, controlling over 3.52% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in HYLN, holding 3,216,957 shares or 1.78% stake. With a 2.05% stake in HYLN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,720,847 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.91% of HYLN stock, is the second-largest Mutual Fund holder. It holds 3,456,048 shares valued at 2.06 million. Vanguard Extended Market Index Fu holds 0.99% of the stake in HYLN, owning 1,800,424 shares worth 1.07 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HYLN since 0 analysts follow the stock currently. 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 $1.50 and a low target of $0.70, the average target price over the next 12 months is $1.07. Based on these targets, HYLN could surge 154.24% to reach the target high and rise by 18.64% to reach the target low. Reaching the average price target will result in a growth of 81.36% from current levels.

Summary of Insider Activity:

Insiders traded HYLN stock several times over the past three months with 0 Buys and 7 Sells. In these transactions, 0 shares were bought while 12,306 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 1,193,217 while 296,241 shares were sold.