Hyliion Holdings Corporation (NYSE: HYLN): Retirees Don’t Worry About Volatility

Hyliion Holdings Corporation (NYSE:HYLN) currently has a daily average trading volume of 726.80K but it saw 878574 shares traded in last market. With a market cap of 381.15M USD, the company’s current market price of $2.19 came falling about -7.20 while comparing to the previous closing price of $2.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.61 and as low as $0.52.

Taking a look at 20-day trading activity of Hyliion Holdings Corporation (HYLN) gives us an average price of $1.94, while its current price level is -15.93% below from 52-week high level whereas it is 322.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.68 while that of 200 days or SMA-200 reads an average of $1.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.53% during that period while stretching the period over a month that decreases to 8.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.04 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Northland Capital which downgraded the stock as “Market Perform” in its note to investors issued on October 12, 2023, recommending a price target of between $2.80 and $1.50 for it. Cantor Fitzgerald also issued its recommendations for the stock as it downgraded the price target for the stock is $5.

Over the week, HYLN’s stock price is moving -12.05% down while it is 36.87% when we observe its performance for the past one month. Year-to-date it is 169.14% up and over the past year, the stock is showing an upside performance of 21.67%.

Currently, Hyliion Holdings Corporation’s total number of outstanding shares is 183.07M. Company’s return on investment (ROI) stands at -38.47% and return on equity (ROE) at -32.58%. Stock’s beta reads 1.90. Stock has a price to book (P/B) ratio of 1.37 while price to sale or P/S ratio amounts to 1058.74. Its return on asset (ROA) is -30.78% on average.