Sunday, June 26, 2022

Investing in Heliogen Inc. (HLGN): What You Must Know

Heliogen Inc.’s recent filing unveils that its Chief Executive Officer GROSS WILLIAM acquired Company’s shares for reported $49400.0 on Jun 14. In the deal valued at $2.47 per share,20,000 shares were bought. As a result of this transaction, GROSS WILLIAM now holds 1,622,612 shares worth roughly $ 5.21 million.

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Then, GROSS WILLIAM bought 13,124 shares, generating $49,084 in total proceeds. Upon buying the shares at $3.74, the Chief Executive Officer now owns 1,602,612 shares.

Meanwhile, Citigroup initiated its Heliogen Inc. [HLGN] rating to a Neutral in a research note published on Tuesday, January 25, 2022; the price target was $3.75. PT values the company’s stock at a premium of 14.4 to its Tuesday closing price. A number of analysts have revised their coverage, including Siebert Williams Shank’s analysts, who began to cover the stock in mid January with a ‘”a Hold”‘ rating.

Price Performance Review of HLGN

On Tuesday, Heliogen Inc. [NYSE:HLGN] saw its stock fall -11.08% to $3.21. On the same session, the stock had its day’s lowest price of $3.21, but rose to a high of $3.75. Over the last five days, the stock has gained 40.17%. Heliogen Inc. shares have fallen nearly -79.32% since the year began. Nevertheless, the stocks have fallen -66.84% over the past one year. A total of 0.96 million shares were traded, compared to the trading of 2.31 million shares in the previous session.

Levels Of Support And Resistance For HLGN Stock

The 24-hour chart illustrates a support level at 3.03, which if violated will result in even more drops to 2.85. On the upside, there is a resistance level at 3.57. A further resistance level may holdings at 3.93. The Relative Strength Index (RSI) on the 14-day chart is 46.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.15%. Stochastics %K at 52.20% indicates the stock is a holding.

Heliogen Inc. [HLGN] – Who Are The Largest Shareholders?

At present, The Vanguard Group, Inc. is holding 1,183,942 shares valued at $4.58 million. BlackRock Fund Advisors owned 1,120,401 shares of the company at the time of its most recent 13F filing, worth $4.34 million.

According to FactSet, Heliogen Inc.’s share price will average $12.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 121.61 percent from its previous closing price of $3.61. Analysts expect Heliogen Inc. stock to reach the higher price of $26.00, while the lowest price estimate is $4.25. However, 3 analysts have rated HLGN stock as an Overweight in their predictions for 2022.

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