Hawaiian Electric Industries Inc. (NYSE:HE) saw a downside of -1.03% to close Monday at $12.46 after subtracting -$0.13 on the day. The 5-day average trading volume is 3,304,120 shares of the company’s common stock. It has gained $13.85 in the past week and touched a new high 1 time within the past 5 days. An average of 11,356,476 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,533,378.
HE’s 1-month performance is 5.06% or $2.80 on its low of $11.90 reached on 09/06/23. The company’s shares have touched a 52-week low of $9.06 and high of $43.71, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, HE has lost -70.23% or -$29.39 and has reached a new high 5 times. However, the current price is down -71.49% from the 52-week high price.
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Insider Transactions
HE stock investors last saw insider trading activity on Mar 08.RUSSELL KEITH P (Director) most recently sold 10,000 shares at $39.21 per share on Mar 08. This transaction cost the insider $392,120.
Valuation Metrics
HE stock has a beta of 0.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.35 while the price-to-book (PB) in the most recent quarter is 0.61, with the price to cash flow ratio at 4.28.
Hawaiian Electric Industries Inc.’s quick ratio for the period ended June 29 was 2.19, with the current ratio over the same period at 2.19. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.56, while the total debt to equity was 1.58. In terms of profitability, the gross margin trailing 12 months is 9.82%. The trailing 12-month EBITDA margin is 17.03% while for the period ending June 29, Hawaiian Electric Industries Inc.’s operating margin was 9.82%. The firm’s gross profit as reported stood at $381.07 million against revenue of $3.74 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 3.79% to $54.61 million, while revenue of $54.72 million was -0.2% off the previous quarter. Analysts expected HE to announce $0.52 per share in earnings in its latest quarter, but it posted $0.5, representing a -3.80% surprise. EBITDA for the quarter stood at more than $170.95 million. HE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.27 billion, with total debt at $3.61 billion. Shareholders hold equity totaling $109.61 million.
Let’s look briefly at Hawaiian Electric Industries Inc. (HE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 33.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.53%.
The stock’s 5-day moving average is $12.86, reflecting a -4.59% or -$0.60 change from its current price. HE is currently trading +28.99% above its 20-day SMA, -67.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -67.16% and SMA200 by-69.31%.
Stochastic %K and %D was 26.90% and 30.50% and the average true range (ATR) pointed at 0.88. The RSI (14) points at 31.11%, while the 14-day stochastic is at 28.72% with the period’s ATR at 1.14. The stock’s 9-day MACD Oscillator is pointing at -0.40 and -0.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Hawaiian Electric Industries Inc. (NYSE: HE), Wells Fargo upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for HE stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate HE as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is HE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $11.00, with their median price target at $8.50. Looking at these predictions, the average price target given by analysts is for Hawaiian Electric Industries Inc. (HE) stock is $9.17.
