Hyliion (NYSEAMERICAN:HYLN) Shares Down 5.4% - Should You Sell?

Key Points

• Hyliion shares fell 5.4% to $4.2850 in light trading, with volume down 90% from the average daily level.
• Analysts remain positive: all four covering analysts rate the stock a Buy, with an average price target of $7.75 versus the recent share price.
• The company remains unprofitable, reporting a negative net margin of 564.34% and analysts forecasting a full-year loss of $0.31 per share; however, an insider recently bought 50,000 shares.

Hyliion Holdings Corp. (NYSEAMERICAN:HYLN - Get Free Report)'s share price fell 5.4% during trading on Monday. The company traded as low as $4.21 and last traded at $4.2850. Approximately 262,044 shares were traded during trading, a decline of 90% from the average daily volume of 2,601,850 shares. The stock had previously closed at $4.53.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Needham & Company LLC started coverage on shares of Hyliion in a report on Wednesday, June 10th. They issued a "buy" rating and a $9.00 price target for the company. Northland Securities raised shares of Hyliion from a "market perform" rating to an "outperform" rating and set a $10.00 target price for the company in a research note on Thursday, August 13th. Finally, Craig Hallum initiated coverage on Hyliion in a research note on Tuesday, September 29th. They issued a "buy" rating and a $7.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $7.75.

Hyliion Stock Down 6.7%

The company has a market cap of $754.58 million, a PE ratio of -14.08 and a beta of 3.57. The firm has a 50 day simple moving average of $3.83 and a 200-day simple moving average of $3.90.

Hyliion (NYSEAMERICAN:HYLN - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). Hyliion had a negative net margin of 564.34% and a negative return on equity of 27.94%. The company had revenue of $4.94 million during the quarter, compared to the consensus estimate of $2.40 million. As a group, equities analysts anticipate that Hyliion Holdings Corp. will post -0.31 EPS for the current year.

Insider Activity at Hyliion

In related news, Director Vincent Cubbage bought 50,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average cost of $3.40 per share, for a total transaction of $170,000.00. Following the purchase, the director directly owned 1,131,363 shares of the company's stock, valued at approximately $3,846,634.20. This trade represents a 4.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.40% of the stock is owned by insiders.

Institutional Trading of Hyliion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Hyliion by 6,166.7% during the 2nd quarter. NewEdge Advisors LLC now owns 7,520 shares of the company's stock valued at $39,000 after acquiring an additional 7,400 shares during the period. Apella Capital LLC raised its position in shares of Hyliion by 56.9% in the second quarter. Apella Capital LLC now owns 33,030 shares of the company's stock worth $172,000 after acquiring an additional 11,972 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Hyliion in the 2nd quarter valued at about $63,000. Hsbc Holdings PLC purchased a new position in shares of Hyliion in the 1st quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Hyliion by 8,348.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 20,107 shares of the company's stock worth $37,000 after purchasing an additional 19,869 shares during the period. Institutional investors and hedge funds own 22.81% of the company's stock.

Hyliion Company Profile

Hyliion Holdings Corp. develops sustainable electricity-generation and powertrain technologies. The company's primary technology is the KARNO generator, a fuel-agnostic system designed to convert a range of fuels into electricity while supporting lower-emission power generation. Its platform is intended for applications including distributed power, backup generation, microgrids and other stationary or mobile energy needs.

Hyliion has focused on using advanced additive manufacturing and other engineering techniques to produce efficient, flexible generator systems.

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