Hyliion (NYSEAMERICAN:HYLN) Hits New 12-Month High – Here’s What Happened

Hyliion Holdings Corp. (NYSEAMERICAN:HYLN)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $8.22 and last traded at $7.8170, with a volume of 1116029 shares trading hands. The stock had previously closed at $7.40.

Analyst Ratings Changes

Separately, Needham & Company LLC began coverage on Hyliion in a report on Wednesday, June 10th. They set a “buy” rating and a $9.00 target price for the company. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.00.

Hyliion Price Performance

The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -24.77 and a beta of 3.43. The business has a fifty day simple moving average of $4.06 and a 200 day simple moving average of $2.71.

Institutional Trading of Hyliion

Several large investors have recently bought and sold shares of the business. Deutsche Bank AG grew its stake in Hyliion by 3.2% during the 4th quarter. Deutsche Bank AG now owns 187,016 shares of the company’s stock valued at $344,000 after acquiring an additional 5,873 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Hyliion by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company’s stock valued at $101,000 after acquiring an additional 7,574 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Hyliion by 7.0% during the 3rd quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock valued at $299,000 after acquiring an additional 10,000 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Hyliion by 15.1% during the 1st quarter. AQR Capital Management LLC now owns 76,957 shares of the company’s stock valued at $108,000 after acquiring an additional 10,076 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Hyliion by 12.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 113,231 shares of the company’s stock valued at $223,000 after acquiring an additional 12,160 shares during the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.