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How to Buy Hyliion Holdings Stock

Hyliion Holdings Corp

Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial transportation industry. It provides battery management systems for hybrid and fully electric vehicle applications.

Hyliion Holdings stock last closed at $1.76, up 4.76% from the previous day, and has decreased 7.85% in one year. It has underperformed other stocks in the Auto Parts industry by 0.05 percentage points. Hyliion Holdings stock is currently +239.77% from its 52-week low of $0.52, and -22.98% from its 52-week high of $2.29.

There are currently 183.21M HYLN shares outstanding. The market value of HYLN is $322.45M. In the past 24 hours, 849,652 HYLN shares were traded.

How to Buy Hyliion Holdings Stock

Wondering how to invest in Hyliion Holdings stock? Here's how.
  1. Figure out where to buy Hyliion Holdings stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Hyliion Holdings stock.
  2. Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit funds into your brokerage account: Select your payment method and add your information.
  4. Research Hyliion Holdings stock: The Hyliion Holdings ticker symbol is HYLN. Is Hyliion Holdings stock a good investment? Should you buy shares of HYLN? How do HYLN's underlying business fundamentals look? Do top analysts think Hyliion Holdings is a good buy? Why has HYLN's stock price moved recently? (Hint: Our stock analysis website can help you decide if HYLN is a good stock to buy).
  5. Make your HYLN purchase: Decide if you will purchase HYLN shares at the current market price or use a limit order to purchase HYLN stock at a specific price.
  6. Get the latest scoop on your HYLN investment: Create a watchlist to keep tabs on your position in Hyliion Holdings shares.

Step 1: Figure out where to buy Hyliion Holdings stock

You will need a brokerage account to access the NYSE market and buy HYLN stock.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've picked the best brokerage, you need to fill out some personal info so you are able to invest in HYLN stock today.

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  2. Enter your personal details to open your new trading account.
  1. Submit your details by clicking the "Create Account" button.
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Step 3: Deposit funds into your brokerage account

Now that you have finished signing up on mobile trading apps, your next step is to transfer the money for your investment:

Check out this video walkthrough if you need help transferring money into your brokerage account.

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Step 4: Research Hyliion Holdings stock

After you have selected the best place to buy Hyliion Holdings stock, it's crucial to evaluate their stock before you invest, so you can comprehend the risk and upside.

Hyliion Holdings stock data

HYLN Price
$1.76
1w %
12.82%
1y %
-7.85%
5y %
-82.36%
P/E
-2.59x
P/B
1.05x
P/S
440x
PEG
N/A
Revenue
$672.00k
Earnings
-$123.51M
Fore. Rev. Growth
93.45%
Fore. Earn. Growth
N/A
Market Cap
$322.45M
Next Earnings
May 7, 2024
Next Dividend
N/A

Hyliion Holdings Overview

WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis quickly.

You can see all of the due diligence checks on HYLN's stock page.

Is HYLN stock properly valued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge HYLN's true value.

Using relative valuations methods:

  • HYLN could be undervalued based on its P/B ratio of 1.05x, relative to Auto Parts industry P/B ratio of 1.97x

You can access additional valuation research on HYLN's stock here.

HYLN Financial Health

Positive Financial Indicators:

  • There are more short-term assets than long-term liabilities on the HYLN balance sheet.
  • Total HYLN debt is lower than 5 years ago, relative to shareholder equity.
  • HYLN has a low debt to equity ratio of 0.07.
  • HYLN has cash burn of 124361000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the HYLN balance sheet.

Negative Financial Indicators:

  • HYLN has $163.18M in cash and short term investments. This is not sufficient to cover its annual cash burn of $124.36M.
  • HYLN profit margin has gone down from -7,281.9% to -18,379.5% in the past year.

Is it a good time to buy Hyliion Holdings stock, according to analysts?

Out of 2 sell side analysts who monitor HYLN, the consensus analyst rating on HYLN is a Sell

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Hyliion Holdings stock forecast page.

HYLN Technicals

SMA10
1.56
SMA20
1.66
SMA50
1.4
SMA100
1.06
SMA200
1.21
MACD
0.04
MACD Signal
0.06
MACD Histogram
-0.02
RSI
60.76
Stochastic %K
45.06
Stochastic %D
25.71
StochRSI %K
53.33
StochRSI %D
27.69

HYLN Performance Metrics

Last year, HYLN revenue was $672.00k. During the last two year, HYLN's revenue has increased by 83.3% per year. This was faster than the Auto Parts industry average of 10.73%.

Find out more about HYLN's earnings and revenue performance here.

Are HYLN executives and large shareholders buying or selling the stock?

In the past year, executives and large shareholders at HYLN have bought more shares than they have sold.

Thomas J. Healy, Chief Executive Officer of HYLN, was the latest HYLN insider to sell. They sold $13,515.36 worth of HYLN stock on Mar 26, 2024.

Learn more about who owns HYLN shares here.

Does HYLN provide a stable income stream?

No, Hyliion Holdings doesn't provide an income stream by paying out dividends.

What others are saying about HYLN

One of the major reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Make your HYLN purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally fine.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific price, place a limit order.

Press the Open Trade button and your broker will place your order.

If you want additional help investing in stocks on eToro, click the helpful video below:

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Step 6: Get the latest scoop on your HYLN investment

Now that you own some shares in HYLN, you'll want to stay up-to-date on your new company.

Create a watchlist to keep tabs on your HYLN stock.

HYLN Feed

How to Buy Stock in Hyliion Holdings

To reiterate, here are the 6 steps to buy stock in Hyliion Holdings:

  1. Figure out where to buy Hyliion Holdings stock
  2. Open a brokerage account
  3. Deposit funds into your brokerage account
  4. Research Hyliion Holdings stock
  5. Make your HYLN purchase
  6. Get the latest scoop on your HYLN investment

If you require a place to buy stocks, eToro is our recommended venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your investment in Hyliion Holdings, click below.

NYSE: HYLN
$1.76+0.08 (+4.76%)
Updated Mar 28, 2024
Open eToro Account
NYSE: HYLN
$1.76+0.08 (+4.76%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Hyliion Holdings share?

As of Mar 28, 2024, it costs $1.76 to buy one share of Hyliion Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.88, you can buy 0.5 shares of HYLN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Hyliion Holdings stock?

According to 2 Wall Street analysts who monitor Hyliion Holdings, their consensus recommendation is to sell Hyliion Holdings stock.

What is the best way to buy Hyliion Holdings stock?

One way to place an order for Hyliion Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.