Hyliion Holdings Corp.

Hyliion Holdings Corp. (NYSE: HYLN) designs and manufactures electrified powertrain solutions for commercial vehicles. By providing electric powertrain solutions for Class 8 commercial vehicles at the lowest total cost of ownership, the firm aims to reduce the transportation sector's carbon intensity and greenhouse gas emissions.

Key Highlights:

• The company has recently commenced its product sales and recorded USD 0.20 million in FY21 (ended December 31, 2021).
• However, its losses from operations have been increased to USD 96.10 million in FY21 from USD 22.18 million in FY20.
• HYLN has been operated at high receivables days of 148.2 days in FY21 compared to the industry median of 61.1 days.
• Stock is currently trading between its crucial short-term (50-day) and long-term (200-day) SMA support levels, with an RSI level of 54.27, approaching the overbought zone.
• Stock is leaning towards the lower-band of the 52-week range of USD 3.33 to USD 13.58.
• HYLN's stock price has been relatively volatile throughout the year and has fallen 47.54% and 63.56% in the past six and nine months.
  

Conclusion:

Considering the company's recently started commercial sales, high receivable days, macroeconomic headwinds, and other technical indicators, we recommend a "Watch" rating on the stock at the closing price of USD 4.38, down 2.45% as of March 23, 2022.

Three-Year Technical Price Chart (as of March 23, 2022). Source: REFINITIV, Analysis by Kalkine Group

Technical Analysis Summary:

Investors can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Technical Indicators Defined: -

Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Note 1: The reference data in this report has been partly sourced from REFINITIV.  

Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above. 

Golden Nugget Online Gaming, Inc.

Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG) is an online gaming company in the United States with Live Dealer and Live Casino Floor. It allows users to play their favourite casino games and place bets on live sporting events.

Key Highlights:

• The company reported a 40.74% increase in total revenues to USD 128.24 million in FY21 (ended December 31, 2021) from USD 91.12 million in FY20.
• GNOG reported a significant increase in net income to USD 57.88 million in FY21, from USD 7.85 million in FY20.
• GNOG reported a decline in gross margins to 52.3% in FY21 from 60.1% in FY20.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels, indicating a bearish trend.
• Stock is leaning towards the lower-band of the 52-week range of USD 5.48 to USD 23.24.
• GNOG's stock price has fallen 63.40% and 47.81% in the past six and nine months.

Conclusion:

Considering the company's fundamentals, decline in margins, macro headwinds, and other technical indicators, we recommend a "Watch" rating on the stock at the closing price of USD 6.91, down 2.26% as of March 23, 2022.

Three-Year Technical Price Chart (as of March 23, 2022). Source: REFINITIV, Analysis by Kalkine Group

Technical Analysis Summary:

Investors can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Technical Indicators Defined: -

Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Note 1: The reference data in this report has been partly sourced from REFINITIV.  

Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.