Hyliion (HYLN) Set to Announce Earnings on Thursday

Hyliion (NYSE:HYLN) is set to release its earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter.

Hyliion (NYSE:HYLN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02.

Hyliion Stock Performance

HYLN stock opened at $2.54 on Thursday. The stock has a 50-day simple moving average of $2.24 and a 200-day simple moving average of $1.90. The firm has a market cap of $440.90 million, a P/E ratio of -5.36 and a beta of 1.91. Hyliion has a 1 year low of $0.52 and a 1 year high of $2.73.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HYLN. Northland Securities boosted their price objective on Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Northland Capmk raised Hyliion to a “hold” rating in a report on Tuesday, October 1st.

Insider Activity at Hyliion

In related news, insider Govindaraj Ramasamy purchased 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $1.92 per share, with a total value of $57,600.00. Following the completion of the purchase, the insider now directly owns 298,000 shares of the company’s stock, valued at $572,160. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.40% of the company’s stock.

About Hyliion