Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE:HASI) finished Friday with an addition of $0.2 to close at $21.20, an upside of 0.95 percent. An average of 1,786,860 shares of common stock have been traded in the last five days. There was a fall of -$2.51 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 3,128,315 shares traded, while the 50-day average volume stands at 2,100,008.
HASI stock has decreased by -4.07% in the last month. The company shares reached their 1-month lowest point of $20.85 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $19.46 and a high of $39.67 in 52 weeks. It has reached a new high 11 times so far this year and lost -26.85% or -$7.78 in price. In spite of this, the price is down -46.56% from the 52-week high.
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Valuation Metrics
Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) has a trailing price-to-earnings (P/E) ratio of 38.57. The stock’s beta is 1.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.68, the price-to-book (PB) ratio at 1.16, and the price-to-cash flow ratio at 13.32.
Financial Health
Further, the company has a long term debt to equity ratio of 1.66 and a total debt to equity ratio of 1.67 for the quarter ending June 29. Its gross profit as reported stood at $133.56 million compared to revenue of $239.74 million.
Earnings Surprise
For the three-month period that ended June 29, Hannon Armstrong Sustainable Infrastructure capital Inc had $764.95 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $13.52 million in the quarter, while revenues of $24.11 million were grew 236.46%. The analyst consensus anticipated Hannon Armstrong Sustainable Infrastructure capital Inc’s latest quarter earnings to come in at $0.53 per share, but it turned out to be $0.53, a 0.00% surprise. For the quarter, EBITDA amounted to $53.58 million. At the end of the quarter ending June 29, Hannon Armstrong Sustainable Infrastructure capital Inc’s stock balance sheet showed total debt was $3.27 billion. Shareholders own equity worth $107.27 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) price momentum. RSI 9-day as of the close on 29 September was 27.65%, suggesting the stock is oversold, with historical volatility in this time frame at 25.38%.
As of today, HASI’s price is $21.96 -10.59% or -$2.51 from its 5-day moving average. HASI is currently trading -5.23% lower than its 20-day SMA and -16.93% lower than its 100-day SMA. However, the stock’s current price level is -25.19% below the SMA50 and -35.91% below the SMA200.
The stochastic %K and %D were 4.45% and 6.15%, respectively, and the average true range (ATR) was 1.07. With the 14-day stochastic at 7.65% and the average true range at 1.07, the RSI (14) stands at 35.53%. The stock has reached -1.47 on the 9-day MACD Oscillator while the 14-day reading was at -2.11.
Analyst Ratings
Citigroup launched coverage on Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) in its analyst report released on August 18, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HASI, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
