Hyliion (NYSEAMERICAN:HYLN) Sets New 1-Year High – Should You Buy?

Hyliion Holdings Corp. (NYSEAMERICAN:HYLN) shares reached a new 52-week high during trading on Saturday . The stock traded as high as $7.97 and last traded at $6.90, with a volume of 8222893 shares. The stock had previously closed at $7.62.

Hyliion Stock Down 9.4%

The stock has a market cap of $1.23 billion, a PE ratio of -23.00 and a beta of 3.43. The company has a fifty day moving average price of $3.30 and a 200 day moving average price of $2.43.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Millennium Management LLC increased its holdings in shares of Hyliion by 27.4% in the first quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock worth $8,814,000 after buying an additional 1,355,951 shares during the period. Invesco Ltd. increased its holdings in shares of Hyliion by 76.3% in the fourth quarter. Invesco Ltd. now owns 6,253,598 shares of the company’s stock worth $11,507,000 after buying an additional 2,706,803 shares during the period. State Street Corp grew its stake in shares of Hyliion by 0.8% in the fourth quarter. State Street Corp now owns 3,036,081 shares of the company’s stock worth $5,586,000 after purchasing an additional 22,963 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Hyliion by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 2,973,357 shares of the company’s stock worth $5,472,000 after purchasing an additional 59,019 shares during the last quarter. Finally, HITE Hedge Asset Management LLC grew its stake in shares of Hyliion by 121.9% in the fourth quarter. HITE Hedge Asset Management LLC now owns 2,827,742 shares of the company’s stock worth $5,203,000 after purchasing an additional 1,553,626 shares during the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

About Hyliion

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.