Are Hyliion Holdings Corp. (NYSE:HYLN)’s Fundamentals Enough to Outperform

Hyliion Holdings Corp. (NYSE:HYLN) previous close was $18.04 while the outstanding shares total 153.90M. HYLN’s shares traded lower over the last trading session, losing -0.06% on 12/04/20. The shares fell to a low of $17.95 before closing at $18.03. Intraday shares traded counted 6.61 million, which was -9.93% lower than its 30-day average trading volume of 6.01M. The stock’s Relative Strength Index (RSI) is 33.17, with weekly volatility at 5.88% and ATR at 1.85. The HYLN stock’s 52-week price range has touched low of $9.50 and a $58.66 high.

Investors have identified the Auto Parts company Hyliion Holdings Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.78 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Hyliion Holdings Corp. (HYLN) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 117193000 million total, with 121485000 million as their total liabilities.

Potential earnings growth for Hyliion Holdings Corp. (HYLN)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Hyliion Holdings Corp. recorded a total of 2.79 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 92.68% coming in sequential stages and their sales for the third quarter increasing by 15.54%.

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent -2.79 million trying to sell their products during the last quarter, with the result yielding a gross income of 17000.0. This allows shareholders to hold on to 153.90M with the revenue now reading -0.10 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.12 cents a share).

Is the stock of HYLN attractive?

In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.

0 out of 2 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Hyliion Holdings Corp.. 0 analysts has assigned a Sell rating on the HYLN stock. The 12-month mean consensus price target for the company’s shares has been set at $24.49.

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