An Evaluation Of Hyliion Holdings Corporation (NYSE: HYLN) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

HYLN belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto Parts industry. The current market capitalization of Hyliion Holdings Corporation is $440.89M. A total of 1.16 million shares were traded on the day, compared to an average of 881.19K shares.

In the most recent transaction, RAMASAMY GOVINDARAJ bought 30,000 shares of HYLN for 1.92 per share on Sep 11 ’24. After the transaction, the Chief Commercial Officer now owns 298,000 company shares. In a previous transaction on Jun 12 ’24, RAMASAMY GOVINDARAJ bought 10,000 shares at 1.50 per share. HYLN shares that Chief Commercial Officer owns now total 227,500.

Among the insiders who bought shares, KNIGHT ROBERT M JR acquired of 100,000 shares on Nov 21 ’23 at a per-share price of $0.57. This resulted in the Director holding 176,435 shares of HYLN after the transaction. In another insider transaction, LANTZ CHERI bought 20,000 shares at $0.66 per share on Nov 16 ’23. Company shares held by the Chief Strategy Officer now total 281,373.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, HYLN has a high of $2.73 and a low of $0.52.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HYLN’s latest balance sheet shows that the firm has $377.23M in Cash & Short Term Investments as of fiscal 2021. There were $8.64M in debt and $15.23M in liabilities at the time. Its Book Value Per Share was $1.54, while its Total Shareholder’s Equity was $553.91M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HYLN is Buy with a score of 3.00.

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