Article: Investors Should Pass on Hyliion Holdings

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Investors Should Pass on Hyliion Holdings

Joel Baglole, 07 December 2020

After rising from $10 a share in June to a peak of $58.66 in September (a gain of 487%), Hyliion stock has fallen to $18.04 a share. And the decline looks persistent. Since Nov. 27, the stock dropped 33%. Investors who hold a stake in Hyliion may want to sell now and cut their losses before things get any worse. The company, which designs, develops, and sells electrified powertrain solutions for commercial vehicles, looks to have lost its luster and any momentum the stock seems to have evaporated, leaving its share price deflated.
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Article: Is Now The Time To Look At Buying Avery Dennison Corporation (NYSE:AVY)?

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Is Now The Time To Look At Buying Avery Dennison Corporation (NYSE:AVY)?

Simply Wall St, 12 February 2021

Let’s talk about the popular Avery Dennison Corporation (NYSE:AVY). The company’s shares received a lot of attention from a substantial price increase on the NYSE over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, what if the stock is still a bargain? Let’s take a look at Avery Dennison’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Is Avery Dennison still cheap?

The stock is currently trading at US$173 on the share market, which means it is overvalued by 40% compared to my intrinsic value of $123.96. This means that the buying opportunity has probably disappeared for now. Furthermore, Avery Dennison’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach its true value, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range.
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Article: Hedge Funds Are Dumping Cerence Inc. (CRNC)

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Hedge Funds Are Dumping Cerence Inc. (CRNC)

Debasis Saha, 05 July 2020

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards Cerence Inc. (NASDAQ:CRNC) at the end of the first quarter and determine whether the smart money was really smart about this stock.

Cerence Inc. (NASDAQ:CRNC) has experienced a decrease in enthusiasm from smart money in recent months. Our calculations also showed that CRNC isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look at the top 5 stocks).
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Article: Here’s Why Cerence Stock Crashed on Thursday

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Here’s Why Cerence Stock Crashed on Thursday

Jon Quast, 28 May 2020

Shares of automotive-technology company Cerence (NASDAQ: CRNC) crashed on Thursday after the company announced a convertible debt offering of $150 million. The stock was down by a single-digit percentage for most of the day before falling further in late trading. It finished 16% lower.

Even after today’s pullback, Cerence stock has beaten the market since it was spun off from Nuance Communications in October 2019.
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