Hyliion (HYLN) Projected to Post Quarterly Earnings on Tuesday

Hyliion (NYSE:HYLN) will likely be announcing its results after the market closes on Tuesday, November 11th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $1.80 million for the quarter.

Hyliion Stock Down 3.0%

HYLN stock traded down $0.07 during midday trading on Tuesday, hitting $2.14. The company’s stock had a trading volume of 767,704 shares, compared to its average volume of 1,403,834. Hyliion has a 52-week low of $1.11 and a 52-week high of $4.09. The firm has a market capitalization of $374.56 million, a P/E ratio of -5.77 and a beta of 2.51. The firm has a 50-day simple moving average of $2.02 and a 200-day simple moving average of $1.69.

Insider Buying and Selling

In related news, Director Richard Joseph Freeland purchased 65,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $1.57 per share, for a total transaction of $102,050.00. Following the purchase, the director directly owned 222,798 shares of the company’s stock, valued at $349,792.86. The trade was a 41.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Hyliion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its position in Hyliion by 27.4% during the 1st quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock worth $8,814,000 after purchasing an additional 1,355,951 shares during the last quarter. Invesco Ltd. grew its position in Hyliion by 22.8% during the 2nd quarter. Invesco Ltd. now owns 3,288,531 shares of the company’s stock worth $4,341,000 after purchasing an additional 610,030 shares during the last quarter. Marshall Wace LLP purchased a new position in Hyliion during the 2nd quarter worth $386,000. Acadian Asset Management LLC purchased a new position in Hyliion during the 1st quarter worth $214,000. Finally, Bridgeway Capital Management LLC grew its position in Hyliion by 211.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 132,500 shares of the company’s stock worth $175,000 after purchasing an additional 90,000 shares during the last quarter. 22.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on HYLN shares. Wall Street Zen cut shares of Hyliion from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Johnson Rice assumed coverage on shares of Hyliion in a report on Tuesday, October 21st. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Zacks Research upgraded shares of Hyliion from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Hyliion Company Profile