Where Does Wall Street Think Hyliion Holdings Corp (HYLN) Stock Will Go?

Analysts who follow Hyliion Holdings Corp (HYLN) on average expect it to gain 198.08% over the next twelve months. Those same analysts give the stock an average rating of Sell. That average rating earns the stock an Analyst Ranking of 0, which means it ranks higher than 0 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating HYLN a Sell today. Find out what this means to you and get the rest of the rankings on HYLN!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Hyliion Holdings Corp Stock Today?

Hyliion Holdings Corp (HYLN) stock is trading at $0.78 as of 12:05 PM on Monday, Oct 16, an increase of $0.05, or 7.08% from the previous closing price of $0.73. The stock has traded between $0.72 and $0.80 so far today. Volume today is less active than usual. So far 1,817,888 shares have traded compared to average volume of 2,695,333 shares. Click Here to get the full Stock Report for Hyliion Holdings Corp stock.