The stock of Hawaiian Holdings Inc. (NASDAQ:HA) decreased by -$0.08 on Tuesday to finish at $7.65, down -1.03 percent. The last five days have seen an average of 1,881,000 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$2.61. The average number of shares traded over the last 20 days was 1,499,660, while the average volume over the last 50 days totaled 1,423,524.
HA stock dropped -15.56% since last month. On 09/11/23, the company’s shares reached a one-month low of $7.34. The stock touched a high of $16.15 on 01/12/23, after rallying from a low of $7.34 in 52 weeks. The price of HA stock has declined by -25.44% or -$2.61 this year, reaching a new high 8 times. Still, the stock price is down -52.63% from the 52-week high.
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Insider Transactions
HA stock investors should be aware that Hawaiian Holdings Inc. (HA) stock had its last reported insider trading activity 54 days ago on Jul 28. On Jul 28, Exec VP & Chief Legal Officer Alter Aaron J sold 3,000 shares at $10.90 each. This transaction resulted in the insider making $32,694. On Apr 28, Alter Aaron J sold 3,000 shares at a price of US$8.19. After the transaction, the insider now owns 120,698 shares. Exec VP & Chief Legal Officer Alter Aaron J had earlier sold 3,000 shares on Feb 02 for $11.57 a share. The transaction was completed for $34,714.
Valuation Metrics
Beta for the stock is 2.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.14, the price-to-book (PB) ratio of 1.76.
Company paid $0.12 per share in dividends, remained unchanged from $0.12 last year.
Financial Health
For the three months ended June 29, Hawaiian Holdings Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 7.23, and the total debt to equity ratio is 7.52. As far as profitability goes, gross margin for the trailing twelve months is 10.30% percent. Hawaiian Holdings Inc.’s EBITDA margin for the year ended June 29 was -2.09%, whereas its operating margin stood at -5.50% for the same period. Based on annual data, it had gross profit of $1.2 billion and revenue of $2.64 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HA’s return on assets (ROA) during the last 12 months has been -4.10%. There was a -6.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -59.80%.
Earnings Surprise
According to Hawaiian Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $706.93 million, while revenues rose by 2.13% to $612.6 million. It was predicted that Hawaiian Holdings Inc.’s quarterly earnings would be -$0.47, but it ended up being -$0.61, beating the consensus by 23.00%. EBITDA was -$9.58 million for the quarter. At the end of Hawaiian Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 3.84 billion, while its total debt was $2.08 billion. Equity owned by shareholders amounts to $51.63 million.
Technical Picture
Here’s a quick look at Hawaiian Holdings Inc.’s (HA) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 36.40%, suggesting the stock is Neutral, with a 50.58% historical volatility rate.
The stochastic %K and %D were 21.56% and 25.65% respectively, while the average true range (ATR) was 0.38. Based on the 14-day stochastic reading of 16.85%, the RSI (14) reading is 36.55%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at -0.15.
Analyst Ratings
Analysts have assigned Hawaiian Holdings Inc. (HA) an Hold rating. HA is a stock that is recommended for selling by 1 brokerage firm, while 5 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 HA’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.00 and $12.00, with a median target price of $9.50. In analyzing these forecasts, the average price target given by analysts for Hawaiian Holdings Inc. (HA) is $9.50.
