The stock of Hawaiian Electric Industries Inc. (NYSE:HE) increased by $4.31 on Monday to finish at $13.97, up 44.62 percent. The last five days have seen an average of 22,502,340 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$27.88. The average number of shares traded over the last 20 days was 15,180,925, while the average volume over the last 50 days totaled 6,323,756.
HE stock dropped -64.06% since last month. On 08/25/23, the company’s shares reached a one-month low of $9.06. The stock touched a high of $43.71 on 02/02/23, after rallying from a low of $9.06 in 52 weeks. The price of HE stock has declined by -66.62% or -$27.88 this year, reaching a new high 5 times. Still, the stock price is down -68.04% from the 52-week high.
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Insider Transactions
HE stock investors should be aware that Hawaiian Electric Industries Inc. (HE) stock had its last reported insider trading activity 174 days ago on Mar 08. On Mar 08, Director RUSSELL KEITH P sold 10,000 shares at $39.21 each. This transaction resulted in the insider making $392,120.
Valuation Metrics
Hawaiian Electric Industries Inc. (HE) has a trailing price-to-earnings (P/E) ratio of 6.71. Beta for the stock is 0.62. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.48, the price-to-book (PB) ratio of 0.68, and the price-to-cash flow ratio of 5.89.
Company paid $0.36 per share in dividends, remained unchanged from $0.36 last year. A $0.01 dividend increase was reported on Friday February 10 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.20, and the total debt to equity ratio is 1.55. As far as profitability goes, gross margin for the trailing twelve months is 9.80% percent. Hawaiian Electric Industries Inc.’s EBITDA margin for the year ended June 29 was 17.03%, whereas its operating margin stood at 9.80% for the same period. Based on annual data, it had gross profit of $381.07 million and revenue of $3.74 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HE’s return on assets (ROA) during the last 12 months has been 1.40%. There was a 5.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.30%.
Earnings Surprise
According to Hawaiian Electric Industries Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $895.69 million, while revenues rose by 0.01% to $928.24 million. It was predicted that Hawaiian Electric Industries Inc.’s quarterly earnings would be $0.5, but it ended up being $0.52, beating the consensus by -3.80%. EBITDA was $170.95 million for the quarter. At the end of Hawaiian Electric Industries Inc.’s most recent quarter ended June 29, its liabilities totaled 14.27 billion, while its total debt was $3.61 billion. Equity owned by shareholders amounts to $109.61 million.
Technical Picture
Here’s a quick look at Hawaiian Electric Industries Inc.’s (HE) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 32.13%, suggesting the stock is Neutral, with a 262.84% historical volatility rate.
The stochastic %K and %D were 8.98% and 7.61% respectively, while the average true range (ATR) was 2.78. Based on the 14-day stochastic reading of 18.24%, the RSI (14) reading is 27.36%. On the 9-day MACD Oscillator, the stock is at -0.88, and the 14-day reading is at -6.11.
Analyst Ratings
In its most recent analyst report, Wells Fargo raised its rating on Hawaiian Electric Industries Inc. (NYSE: HE) to an Equal weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned Hawaiian Electric Industries Inc. (HE) an Hold rating. HE is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is HE’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $11.00, with a median target price of $8.50. In analyzing these forecasts, the average price target given by analysts for Hawaiian Electric Industries Inc. (HE) is $9.17.
