Hyliion Holdings Corp. [HYLN] Stock trading around $21.27 per share: What’s Next?

Hyliion Holdings Corp. [NYSE: HYLN] stock went on an upward path that rose over 2.51% on Tuesday, amounting to a one-week price decrease of less than -8.12%. The company report on October 15, 2020 that Hyliion Announces Natural Gas Fueling Partnership with American Natural Gas.

ANG also executes pre-order agreement to purchase up to 250 Hypertruck ERX vehicles.

Hyliion Inc. (Hyliion), a leader in electrified powertrain solutions for Class 8 commercial vehicles, and American Natural Gas, Inc. (ANG), an industry-leading alternative fuel provider, announced today a partnership agreement that offers Hyliion customers discounted pricing for renewable natural gas (RNG) at ANG fueling stations across the country. For qualifying fleet customers, ANG has also agreed to build new fueling stations near Hyliion’s customer locations with no upfront capital costs to such customers.

Over the last 12 months, HYLN stock rose by 116.60%.

The market cap for the stock reached $3.60 billion, with 29.13 million shares outstanding and 12.89 million shares in the current float. Compared to the average trading volume of 6.20M shares, HYLN stock reached a trading volume of 3433000 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Hyliion Holdings Corp. [HYLN]:

Goldman have made an estimate for Hyliion Holdings Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 15, 2020.

The Average True Range (ATR) for Hyliion Holdings Corp. is set at 3.81 The Price to Book ratio for the last quarter was 2.73, with the Price to Cash per share for the same quarter was set at 0.00.

HYLN Stock Performance Analysis:

Hyliion Holdings Corp. [HYLN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.12. With this latest performance, HYLN shares dropped by -55.69% in over the last four-week period, additionally plugging by 117.04% over the last 6 months – not to mention a rise of 116.60% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HYLN stock in for the last two-week period is set at 33.93, with the RSI for the last a single of trading hit 28.26, and the three-weeks RSI is set at 36.81 for Hyliion Holdings Corp. [HYLN]. The present Moving Average for the last 50 days of trading for this stock 38.23, while it was recorded at 22.20 for the last single week of trading, and 19.47 for the last 200 days.

Insight into Hyliion Holdings Corp. Fundamentals:

Hyliion Holdings Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.

Hyliion Holdings Corp. [HYLN] Insider Position Details

There are presently around $177 million, or 5.80% of HYLN stock, in the hands of institutional investors. The top three institutional holders of HYLN stocks are: ADAGE CAPITAL PARTNERS GP, L.L.C. with ownership of 1,116,350, which is approximately -44.872% of the company’s market cap and around 1.50% of the total institutional ownership; FALCON EDGE CAPITAL, LP, holding 1,050,000 shares of the stock with an approximate value of $22.33 million in HYLN stocks shares; and SUVRETTA CAPITAL MANAGEMENT, LLC, currently with $18.93 million in HYLN stock with ownership of nearly New of the company’s market capitalization.

50 institutional holders increased their position in Hyliion Holdings Corp. [NYSE:HYLN] by around 4,941,570 shares. Additionally, 29 investors decreased positions by around 12,604,456 shares, while 1 investors held positions by with 9,247,357 shares. The mentioned changes placed institutional holdings at 8,298,669 shares, according to the latest SEC report filing. HYLN stock had 42 new institutional investments in for a total of 4,256,919 shares, while 19 institutional investors sold positions of 8,469,419 shares during the same period.

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