Citigroup lifts Heliogen Inc. [HLGN] price estimate. Who else is bullish?

Heliogen Inc. [NYSE: HLGN] slipped around -0.07 points on Thursday, while shares priced at $0.72 at the close of the session, down -9.25%. The company report on November 7, 2022 that Heliogen, Inc. Announces Third Quarter 2022 Financial and Operational Results; Reports Commercial Progress on Green Hydrogen Initiatives.

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Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today provided its third quarter 2022 financial results.

Heliogen Inc. stock is now -95.36% down from its year-to-date (YTD) trading value. HLGN Stock saw the intraday high of $0.8131 and lowest of $0.6025 per share. The company’s 52-week high price is 16.35, which means current price is +19.52% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 1.90M shares, HLGN reached a trading volume of 4193960 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Heliogen Inc. [HLGN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HLGN shares is $3.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HLGN stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Heliogen Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 25, 2022. While these analysts kept the previous recommendation, Siebert Williams Shank raised their target price to Hold. The new note on the price target was released on January 12, 2022, representing the official price target for Heliogen Inc. stock.

The Average True Range (ATR) for Heliogen Inc. is set at 0.14, with the Price to Sales ratio for HLGN stock in the period of the last 12 months amounting to 10.08. The Price to Book ratio for the last quarter was 0.91, with the Price to Cash per share for the same quarter was set at 0.80.

How has HLGN stock performed recently?

Heliogen Inc. [HLGN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.70. With this latest performance, HLGN shares dropped by -46.26% in over the last four-week period, additionally sinking by -76.92% over the last 6 months – not to mention a drop of -92.77% 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 HLGN stock in for the last two-week period is set at 28.88, with the RSI for the last a single of trading hit 24.24, and the three-weeks RSI is set at 32.77 for Heliogen Inc. [HLGN]. The present Moving Average for the last 50 days of trading for this stock 1.5099, while it was recorded at 0.8393 for the last single week of trading, and 2.9213 for the last 200 days.

Heliogen Inc. [HLGN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Heliogen Inc. [HLGN] shares currently have an operating margin of -553.70 and a Gross Margin at -61.86. Heliogen Inc.’s Net Margin is presently recorded at -1615.07.

Return on Equity for this stock declined to -135.87, with Return on Assets sitting at -110.44.

Heliogen Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 3.50.

Insider trade positions for Heliogen Inc. [HLGN]

There are presently around $55 million, or 51.00% of HLGN stock, in the hands of institutional investors. The top three institutional holders of HLGN stocks are: PRIME MOVERS LAB LLC with ownership of 23,945,777, which is approximately 0.029% of the company’s market cap and around 3.80% of the total institutional ownership; INVESCO LTD., holding 11,927,309 shares of the stock with an approximate value of $8.59 million in HLGN stocks shares; and VANGUARD GROUP INC, currently with $5.32 million in HLGN stock with ownership of nearly 403.248% of the company’s market capitalization.

Positions in Heliogen Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 59 institutional holders increased their position in Heliogen Inc. [NYSE:HLGN] by around 17,736,548 shares. Additionally, 26 investors decreased positions by around 1,107,196 shares, while 18 investors held positions by with 57,004,723 shares. The mentioned changes placed institutional holdings at 75,848,467 shares, according to the latest SEC report filing. HLGN stock had 21 new institutional investments in for a total of 1,326,845 shares, while 14 institutional investors sold positions of 857,054 shares during the same period.


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