Shares of Heliogen, Inc. (NYSE:HLGN – Get Free Report) dropped 8.5% during mid-day trading on Wednesday . The company traded as low as $1.20 and last traded at $1.29. Approximately 3,958 shares changed hands during trading, a decline of 59% from the average daily volume of 9,688 shares. The stock had previously closed at $1.41.
Heliogen Stock Performance
The stock’s 50-day moving average price is $1.62 and its 200-day moving average price is $2.02. The company has a market capitalization of $7.75 million, a price-to-earnings ratio of -0.06 and a beta of 2.63.
Heliogen (NYSE:HLGN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($2.51) earnings per share (EPS) for the quarter. The firm had revenue of $2.26 million for the quarter.
Heliogen Company Profile
Heliogen, Inc, together with its subsidiaries, develops and commercializes concentrated solar energy in the United States. It is developing a modular, AI-enabled, concentrated solar energy plant that will use an array of mirrors to reflect sunlight and capture, concentrate, store and convert it into cost-effective energy on demand.
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