As of Thursday close, Hannon Armstrong Sustainable Infrastructure Capital Inc.’s (NYSE:HASI) stock was down -$3.03, moving down -13.06 percent to $20.17. The average number of shares traded per day over the past five days has been 1,648,880 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.95 fall in that time frame. In the last twenty days, the average volume was 1,428,285, while in the previous 50 days, it was 1,110,370.
Since last month, HASI stock retreated -31.18%. Shares of the company fell to $19.84 on 08/17/23, the lowest level in the past month. A 52-week high of $42.46 was reached on 02/02/23 after having rallying from a 52-week low of $21.31. Since the beginning of this year, HASI’s stock price has dropped by -30.40% or -$8.81, and marked a new high 11 times. However, the stock has declined by -52.50% since its 52-week high.
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HASI stock investors should be aware that Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) stock had its last reported insider trading activity 155 days ago on Mar 16. Rose Nathaniel, the EVP & CIO of the company, purchased of 10,000 shares for $24.10 on Mar 16. It resulted in a $241,000 investment by the insider. Lipson Jeffrey added 3,000 shares at an average price of $24.36 on Mar 16. The insider now owns 32,925 shares following the transaction. On Mar 16, Chief Financial Officer Pangburn Marc T. bought 3,000 shares at $24.12 apiece. The transaction was valued at $72,360.
Valuation Metrics
Right now, Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) has a P/E ratio of about 36.67. The stock’s beta is 1.69. Besides these, the trailing price-to-sales (P/S) ratio of 8.08, the price-to-book (PB) ratio of 1.00, and the price-to-cash flow ratio of 23.99 may also be considered.
The latest dividend of $0.3950 per share was paid out, remained unchanged from last year’s $0.3950.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.68, and the total debt-to-equity ratio was 1.68. On the profitability front, the trailing twelve-month gross margin is 47.60% percent. In the year ended June 29, operating margins totaled 20.60%. Based on annual data, HASI earned $133.56 million in gross profit and brought in $239.74 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.90%. Return on equity (ROE) for the past 12 months was 3.00%.
In Hannon Armstrong Sustainable Infrastructure Capital Inc.’s quarter-end financial report for June 29, it reported total debt of $764.95 million against cash and short-term investments of $10.21 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HASI’s revenue rose 34.24% to $62.8 million during the quarter, while net income inched up to $74.33 million. While analysts expected Hannon Armstrong Sustainable Infrastructure Capital Inc. to report $0.53 quarterly earnings, the actual figure was $0.53 per share. During the quarter, the company generated $53.58 million in EBITDA. The value of shareholders’ equity is $107.27 million.
Technical Picture
This quick technical analysis looks at Hannon Armstrong Sustainable Infrastructure Capital Inc.’s (HASI) price momentum. With a historical volatility rate of 94.48%, the RSI 9-day stood at 25.03% on 17 August.
With respect to its five-day moving average, the current Hannon Armstrong Sustainable Infrastructure Capital Inc. price is down by -12.76% percent or -$2.95. At present, HASI shares trade -28.83% below its 20-day simple moving average and -22.42% percent below its 100-day simple moving average. However, the stock is currently trading approximately -20.06% below its SMA50 and -26.09% below its SMA200.
Stochastic coefficient K was 25.65% and Stochastic coefficient D was 31.13%, while ATR was 1.33. Given the Stochastic reading of 4.71% for the 14-day period, the RSI (14) reading has been calculated as 29.93%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -1.02.
Analyst Ratings
BofA Securities upgraded its rating on Hannon Armstrong Sustainable Infrastructure Capital Inc. (NYSE: HASI) to a Buy in a note to investors on August 15, 2023. The analysts firm previously had a Neutral rating on the stock.Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) has been rated Overweight by analysts. According to 0 brokerage firms, HASI is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Hannon Armstrong Sustainable Infrastructure Capital Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $44.00, the current consensus forecast for the stock is $24.00 – $50.00. Based on these forecasts, analysts predict Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) will achieve an average price target of $38.44.
