As of Wednesday close, Hawaiian Holdings Inc.’s (NASDAQ:HA) stock was down -$0.39, moving down -4.26 percent to $8.77. The average number of shares traded per day over the past five days has been 1,031,600 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.42 fall in that time frame. In the last twenty days, the average volume was 1,124,445, while in the previous 50 days, it was 1,375,802.
Since last month, HA stock retreated -21.27%. Shares of the company fell to $8.75 on 08/30/23, the lowest level in the past month. A 52-week high of $16.32 was reached on 01/12/23 after having rallying from a 52-week low of $7.34. Since the beginning of this year, HA’s stock price has dropped by -14.52% or -$1.49, and marked a new high 8 times. However, the stock has declined by -46.26% since its 52-week high.
HA stock investors should be aware that Hawaiian Holdings Inc. (HA) stock had its last reported insider trading activity 34 days ago on Jul 28. Alter Aaron J, the Exec VP & Chief Legal Officer of the company, disposed of 3,000 shares for $10.90 on Jul 28. It resulted in a $32,694 divestment by the insider. Alter Aaron J sold 3,000 shares at an average price of $8.19 on Apr 28. The insider now owns 120,698 shares following the transaction. On Feb 02, Exec VP & Chief Legal Officer Alter Aaron J sold 3,000 shares at $11.57 apiece. The transaction was valued at $34,714.
Valuation Metrics
The stock’s beta is 2.03. Besides these, the trailing price-to-sales (P/S) ratio of 0.16, the price-to-book (PB) ratio of 2.02.
The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12.
Financial Health
In the three months ended June 29, Hawaiian Holdings Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 7.23, and the total debt-to-equity ratio was 7.52. On the profitability front, the trailing twelve-month gross margin is 10.30% percent. In the year ended June 29, EBITDA margin amounted to -2.09%, whereas operating margins totaled -5.50%. Based on annual data, HA earned $1.2 billion in gross profit and brought in $2.64 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 -6.70%. Return on equity (ROE) for the past 12 months was -59.80%.
In Hawaiian Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $1.55 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HA’s revenue rose 2.13% to $612.6 million during the quarter, while net income inched up to $706.93 million. While analysts expected Hawaiian Holdings Inc. to report -$0.61 quarterly earnings, the actual figure was -$0.47 per share, beating the consensus estimate by 23.00%. During the quarter, the company generated -$9.58 million in EBITDA. The liabilities of Hawaiian Holdings Inc. were 3.84 billion at the end of its most recent quarter ended June 29, and its total debt was $2.08 billion. The value of shareholders’ equity is $51.63 million.
Technical Picture
This quick technical analysis looks at Hawaiian Holdings Inc.’s (HA) price momentum. With a historical volatility rate of 38.11%, the RSI 9-day stood at 35.15% on 30 August.
With respect to its five-day moving average, the current Hawaiian Holdings Inc. price is down by -4.57% percent or -$0.42. At present, HA shares trade -20.35% below its 20-day simple moving average and +2.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.78% below its SMA50 and -39.81% below its SMA200.
Stochastic coefficient K was 9.56% and Stochastic coefficient D was 7.14%, while ATR was 0.45. Given the Stochastic reading of 1.35% for the 14-day period, the RSI (14) reading has been calculated as 38.08%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.25.
Analyst Ratings
Hawaiian Holdings Inc. (HA) has been rated Hold by analysts. According to 1 brokerage firm, HA is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Hawaiian Holdings Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $10.50, the current consensus forecast for the stock is $8.00 – $12.00. Based on these forecasts, analysts predict Hawaiian Holdings Inc. (HA) will achieve an average price target of $10.17.
