Is hyln stock fighting for its life?
What happened with Nikola (NASDAQ: NKLA) and the scandals that followed added to the skepticism in the industry. Whether from that or other reasons, HYLN stock has seen better days and it’s fighting for its life. I say this because technically, once it fell below $18 per share, it triggered a bearish scenario.
What happened to hyliion stock?
Last fall, Hyliion stock was the belle of the ball. Its share price flirted with $60, and it could do no wrong. It only completed its merger with Tortoise Acquisition Corp. on Oct. 1, 2020, just three-and-a-half months after announcing the deal. It announced the merger on June 19, 2020. A that point, HYLN stock didn’t even exist.
Can hyln recharge life back into its stock?
The ability to recharge life back into HYLN stock is resting with the company's management One of the hottest themes for investing on Wall Street involves electric vehicles. This emerged last year and gave birth to the SPAC attack. Dozens of new EV companies came public chasing after electric dreams.
What happened to hyln stock after the merger with tortoise Acquisition Corp?
It only completed its merger with Tortoise Acquisition Corp. on Oct. 1, 2020, just three-and-a-half months after announcing the deal. It announced the merger on June 19, 2020. A that point, HYLN stock didn’t even exist. Tortoise, a special purpose acquisition company (SPAC), was trading under the symbol “SHLL” for around $14.
Is HYLN stock a good buy?
On average, Wall Street analysts predict that HYLIION HOLDINGS's share price could reach $8.33 by Mar 10, 2023. The average HYLIION HOLDINGS stock price prediction forecasts a potential upside of 145.81% from the current HYLN share price of $3.39.
Will Hyliion go back up?
Hyliion has made the position clear, they are not going to attempt to get CARB approved until 2023. After 2022, we will still have a few important milestones remaining prior to the start of production.
How much cash is Hyliion?
When Hyliion Holdings last reported its balance sheet in March 2022, it had zero debt and cash worth US$361m. Importantly, its cash burn was US$101m over the trailing twelve months. That means it had a cash runway of about 3.6 years as of March 2022. There's no doubt that this is a reassuringly long runway.
Why is Hyliion stock up?
Hyliion Holdings (HYLN +10.7%) stock is up after the Texas electrified powertrain solutions company reported its Q4 revenues of $200K (consensus: $988.33K); its first revenue as a public entity. Its GAAP EPS of -$0.17 beat estimates by $0.10.
Does Hyliion have a future?
Hyliion shares aren't likely to rebound anytime soon. The market has been shifting away from growth companies with only projected future prospects. With investors expecting a steady increase in the federal funds rate in 2022, those future potential earnings are looked at as being less valuable.
Is Hyliion undervalued?
Hyliion Hldg Corp retains a regular Real Value of $4.56 per share. The prevalent price of the firm is $3.55. At this time, the firm appears to be undervalued....USD 3.55 0.16 4.31%LowNext ValueHigh0.083.828.63
What is Hyliion target price?
$4.00Stock Price Target HYLNHigh$5.00Median$4.00Low$3.00Average$4.00Current Price$3.48
How many shares of Hyliion are there?
Share StatisticsAvg Vol (3 month) 32.06MShares Outstanding 5173.31MImplied Shares Outstanding 6N/AFloat 8116.16M% Held by Insiders 136.81%7 more rows
How many shares does HYLN have?
Hyliion Holdings Corp (US:HYLN) has 308 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 48,484,639 shares.
Does Hyliion have revenue?
For the full year 2022, Hyliion expects revenue in the range of $2 million to $3 million in Hybrid eX sales and operating expenses to range between $135 million and $145 million, driven primarily by an increase in research and development costs to support the Hypertruck ERX commercialization milestones.
What company is HYLN?
Hyliion Holdings Corp (NYSE:HYLN) manufactures hybrid and electric powertrains for trucks. It engages in the provision of hybrid technology to tractor trailers. The company was founded by Thomas Healy in 2015 and is headquartered in Cedar Park, TX.
What is NAKD stock?
Key Turning Points52-Week High51.00Fibonacci 50%26.80Fibonacci 38.2%21.09Last Price2.6152-Week Low2.601 more row•Jan 13, 2022
There Are Problems With HYLN Stock
What happened with Nikola (NASDAQ: NKLA) and the scandals that followed added to the skepticism in the industry. Whether from that or other reasons, HYLN stock has seen better days and it’s fighting for its life. I say this because technically, once it fell below $18 per share, it triggered a bearish scenario.
Bullish Thesis Is Alive But Not Well
These important points don’t mean that I don’t like the company. I am a fan of technology so I’m very interested in what they have to offer. The trucks are slick looking and I definitely want them to succeed. If I can get one point across today I would hope it’s enlightenment.
What Investors Could Do Now
At this point, I would not repeat selling puts because I don’t want to fight the trend. The machines are selling HYLN systematically and I don’t see the point of fighting them. If I were to make an upside bet for a surprise rally, I would buy leap call options. This way the risk is a finite sum and not more.
Unsurprisingly, supply chain woes are plaguing this EV stock
A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236
What happened
After climbing nearly 5% through the first two days of the week, shares of Hyliion Holdings ( NYSE:HYLN) are moving in reverse today as shareholders dig through the company's third-quarter earnings report, which was released after the market closed yesterday.
So what
In the pre-revenue phase of its development, Hyliion, which builds electric powertrains for trucks, didn't have any revenue expectations from analysts to meet, though Wall Street was expecting the company to report a loss per share of $0.24. Beating expectations, Hyliion reported a slimmer loss of $0.15 per share.
Now what
Although investors may find the supply chain challenges disconcerting, there was some positive news in the report. Hyliion, for example, stated that it believes operating expenses for 2021 will be lower than expected, forecasting $110 million to $120 million instead of the original guidance of $130 million to $140 million.
What is Hyliion Holdings Corp?
Hyliion Holdings Corp. (NYSE: HYLN) ("Hyliion"), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that members of its management team will present at the following institutional investor conferences:
When is Hyliion conference call?
ET/10:00 a.m. CT on Wednesday, August 11, 2021 to discuss its financial results, the Company's business and outlook.
Key Points
Hyliion wants to provide commercial truck fleets with multiple electrification options.
NYSE: HYLN
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What happened
Investors are going into the holiday weekend with a renewed interest in electric vehicle start-up stocks. That's particularly true in the area of commercial semi trucks. And Hyliion Holdings ( HYLN -2.70% ) is one beneficiary. Hyliion shares were up double-digits at the highs of Thursday's session, and remained up 8.2% as of 3:22 P.M. ET.
So what
The move seems to be coming in sympathy with a bigger jump in competitor Nikola 's ( NKLA -1.98% ) shares. Nikola recently reported it delivered its first battery-electric trucks to a customer. The market is giving it credit for the milestone today, with Nikola shares zooming more than 22% higher at their peak of the day.
Now what
Hyliion's offerings include a fully electric truck powertrain as well as a hybrid electrification platform from which the company expects to begin recognizing revenue in the fourth quarter of 2021. But the company reported a net loss of $26.6 million in the third quarter, bringing its year-to-date loss to more than $66 million.
NYSE: HYLN
That helps explain why the company's stock is down nearly 60% in 2021. But investors are brushing that aside today as the market reacted positively to news that Nikola has officially delivered its first electric trucks to a customer.
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What is Hyliion's business plan?
As InvestorPlace contributor Joseph Nograles pointed out in early March, Hyliion’s business plan involves focusing on converting Class 8 diesel trucks to hybrid or electric trucks. It plans to use hydrogen or natural gas to create the electricity needed to power the EVs.
When did Hyliion merge with Tortoise?
Its share price flirted with $60, and it could do no wrong. It only completed its merger with Tortoise Acquisition Corp. on Oct. 1, 2020, just three-and-a-half months after announcing the deal.
Where does John Rankin live?
and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
