Hyliion (NYSEAMERICAN:HYLN) Announces Quarterly Earnings Results, Meets Expectations

Hyliion (NYSEAMERICAN:HYLN) announced its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08), FiscalAI reports. The company had revenue of $4.94 million during the quarter, compared to analysts’ expectations of $2.40 million. Hyliion had a negative net margin of 888.12% and a negative return on equity of 26.05%.

Hyliion Trading Down 0.3%

NYSEAMERICAN:HYLN traded down $0.01 during trading hours on Tuesday, hitting $3.92. The company had a trading volume of 3,454,318 shares, compared to its average volume of 2,636,330. Hyliion has a 1 year low of $1.47 and a 1 year high of $8.49. The company has a market cap of $699.05 million, a P/E ratio of -13.07 and a beta of 3.52. The company has a 50-day moving average of $5.07 and a 200 day moving average of $3.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HYLN. Cubist Systematic Strategies LLC purchased a new position in Hyliion during the first quarter worth about $26,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Hyliion in the 3rd quarter valued at approximately $26,000. Brevan Howard Capital Management LP purchased a new stake in shares of Hyliion in the 2nd quarter valued at approximately $30,000. XTX Topco Ltd acquired a new stake in shares of Hyliion during the 2nd quarter worth approximately $34,000. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Hyliion during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 22.81% of the company’s stock.

Analysts Set New Price Targets

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

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.