As of Thursday close, Hawaiian Electric Industries Inc.’s (NYSE:HE) stock was down -$2.54, moving down -17.43 percent to $12.03. The average number of shares traded per day over the past five days has been 27,367,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$20.75 fall in that time frame. In the last twenty days, the average volume was 7,307,005, while in the previous 50 days, it was 3,170,894.
Since last month, HE stock retreated -68.85%. Shares of the company fell to $10.05 on 08/17/23, the lowest level in the past month. A 52-week high of $43.71 was reached on 02/02/23 after having rallying from a 52-week low of $13.27. Since the beginning of this year, HE’s stock price has dropped by -71.25% or -$29.82, and marked a new high 5 times. However, the stock has declined by -72.48% since its 52-week high.
HE stock investors should be aware that Hawaiian Electric Industries Inc. (HE) stock had its last reported insider trading activity 163 days ago on Mar 08. RUSSELL KEITH P, the Director of the company, disposed of 10,000 shares for $39.21 on Mar 08. It resulted in a $392,120 divestment by the insider.
Valuation Metrics
Right now, Hawaiian Electric Industries Inc. (HE) has a P/E ratio of about 5.78. The stock’s beta is 0.58. Besides these, the trailing price-to-sales (P/S) ratio of 0.34, the price-to-book (PB) ratio of 0.59, and the price-to-cash flow ratio of 4.18 may also be considered.
The latest dividend of $0.36 per share was paid out, remained unchanged from last year’s $0.36.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.20, and the total debt-to-equity ratio was 1.55. On the profitability front, the trailing twelve-month gross margin is 9.80% percent. In the year ended June 29, EBITDA margin amounted to 17.03%, whereas operating margins totaled 9.80%. Based on annual data, HE earned $381.07 million in gross profit and brought in $3.74 billion 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 5.80%. Return on equity (ROE) for the past 12 months was 10.30%.
In Hawaiian Electric Industries Inc.’s quarter-end financial report for June 29, it reported total debt of $2.57 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HE’s revenue rose 12.35% to $1.02 billion during the quarter, while net income inched up to $895.69 million. While analysts expected Hawaiian Electric Industries Inc. to report $0.52 quarterly earnings, the actual figure was $0.5 per share, beating the consensus estimate by -3.80%. During the quarter, the company generated $170.95 million in EBITDA. The liabilities of Hawaiian Electric Industries Inc. were 14.27 billion at the end of its most recent quarter ended June 29, and its total debt was $3.61 billion. The value of shareholders’ equity is $109.61 million.
Technical Picture
This quick technical analysis looks at Hawaiian Electric Industries Inc.’s (HE) price momentum. With a historical volatility rate of 221.61%, the RSI 9-day stood at 2.41% on 17 August.
With respect to its five-day moving average, the current Hawaiian Electric Industries Inc. price is down by -63.30% percent or -$20.75. At present, HE shares trade -69.36% below its 20-day simple moving average and -67.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately -67.35% below its SMA50 and -68.23% below its SMA200.
Stochastic coefficient K was 4.33% and Stochastic coefficient D was 5.30%, while ATR was 3.29. Given the Stochastic reading of 6.81% for the 14-day period, the RSI (14) reading has been calculated as 4.97%. As of today, the MACD Oscillator reading stands at -12.47, while the 14-day reading stands at -16.64.
Analyst Ratings
Hawaiian Electric Industries Inc. downgraded its rating on Hawaiian Electric Industries Inc. (NYSE: HE) to an Underperform in a note to investors on August 18, 2022. The analysts firm previously had a Neutral rating on the stock.Hawaiian Electric Industries Inc. (HE) has been rated Hold by analysts. According to 0 brokerage firms, HE is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Hawaiian Electric Industries Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $8.00 – $34.00. Based on these forecasts, analysts predict Hawaiian Electric Industries Inc. (HE) will achieve an average price target of $17.33.
