Heliogen (NYSE:HLGN) Trading Down 1.3% – What’s Next?

Heliogen, Inc. (NYSE:HLGN) was down 1.3% during mid-day trading on Monday . The company traded as low as $1.32 and last traded at $1.51. Approximately 12,324 shares traded hands during trading, an increase of 11% from the average daily volume of 11,118 shares. The stock had previously closed at $1.53.

Heliogen Trading Down 3.7 %

The company’s 50 day simple moving average is $1.77 and its 200 day simple moving average is $2.01. The stock has a market capitalization of $8.45 million, a PE ratio of -0.07 and a beta of 2.87.

About Heliogen

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.