Hyliion Stock Story

HYLN

Stock

USD 4.49 0.06 1.35%

Macroaxis Story

It looks like Foresight Autonomous will continue to recover faster as its price went down 6.49% today to Hyliion Hldg's 0.56%. As many rational traders are trying to avoid consumer cyclical space, it makes sense to outline Hyliion Hldg Corp a little further and understand how it stands against Foresight Autonomous and other similar entities. We are going to inspect some of the competitive aspects of both Hyliion and Foresight.

Published over two months ago

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Our viewpoint on Hyliion Hldg (NYSE:HYLN) and Foresight Autonomous (NASDAQ:FRSX)?

By analyzing existing essential indicators between Hyliion Hldg and Foresight, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Foresight with a short position in Hyliion Hldg. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.

One of the ways to look at asset utilization of Hyliion is to check how much profit was generated for every dollar of assets it reports. Hyliion Hldg retains a negative application of resources of -9.74 (percent), losing $0.0974 for each dollar of resources held by the firm. Inadequate asset utilization attests that the company is being less effective with each dollar of resources it retains. Simply put, asset utilization of Hyliion Hldg Corp shows how discouraging it operates for each dollar spent on its resources.

Our viewpoint on Hyliion Hldg (NYSE:HYLN) and Foresight Autonomous (NASDAQ:FRSX)?

Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as Hyliion or Alphabet is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

How important is Hyliion Hldg's Liquidity

Hyliion Hldg financial leverage refers to using borrowed capital as a funding source to finance Hyliion Hldg Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Hyliion Hldg financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Hyliion Hldg's total debt and its cash.

Correlation Between Hyliion and Alphabet Cl A

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Hyliion Hldg together with similar or unrelated positions with a negative correlation. For example, you can also add Alphabet to your portfolio. If Alphabet is not perfectly correlated to Hyliion Hldg it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Hyliion Hldg for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.

Please check pair correlation details between HYLN and GOOGL for more information.

Acquisition by Standley Greg of 21825 shares of Hyliion Hldg subject to Rule 16b-3

Legal trades by Hyliion Hldg insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:

Hyliion insider trading alert for grant of common stock by Standley Greg, VP Finance and Accounting, on 27th of June 2022. This event was filed by Hyliion Holdings Corp with SEC on 2022-06-27. Statement of changes in beneficial ownership - SEC Form 4 [view details]

Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

An Additional Perspective On Hyliion Hldg Corp

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Lets now take a look at Hyliion Hldg revenue. Based on the latest financial disclosure, Hyliion Hldg Corp reported 200 K of revenue. This is 100.0% lower than that of the Consumer Cyclical sector and 100.0% lower than that of the Auto Parts industry. The revenue for all United States stocks is 100.0% higher than that of Hyliion Hldg. As for Foresight Autonomous we see revenue of 120 K, which is 100.0% lower than that of the Auto Parts

Sector

5.1 B

HYLN	200,000	0.003938
Sector	5.08 Billion	99.99
FRSX	120,000	0.002363

Hyliion Hldg is epected to finish above $3.46 in July

The value at risk is down to -7.3 as of today.

As of the 10th of June, Hyliion Hldg retains the risk adjusted performance of (0.009691), and Market Risk Adjusted Performance of (0.022925). Hyliion Hldg technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Hyliion Hldg Corp, which can be compared to its competitors. Please check out Hyliion Hldg Corp coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Hyliion Hldg is priced fairly, providing market reflects its last-minute price of 3.53 per share. Given that Hyliion Hldg Corp has jensen alpha of (0.032228), we strongly advise you to confirm Hyliion Hldg Corp's regular market performance to make sure the company can sustain itself at a future point.

Whereas some other entities under the auto parts industry are still a bit expensive, Hyliion Hldg may offer a potential longer-term growth to institutional investors. To conclude, as of the 10th of June 2022, we see that Hyliion Hldg actively responds to the market. The company is undervalued with below average odds of distress within the next 24 months. Our primary 90 days advice on the company is Hold.

Editorial Staff

Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time base at the beginning of the pandemic and eventually acquired a real test for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI. View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Hyliion Hldg Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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