Hawaiian Holdings, Inc. (NASDAQ: HA) has seen a rise in its stock price by 7.87 in relation to its previous close of 4.70. However, the company has experienced a 23.96% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-10-25 that Hawaiian Holdings (HA) third-quarter 2023 revenues are hurt by a devastating wildfire in Lahaina in West Maui.
Is It Worth Investing in Hawaiian Holdings, Inc. (NASDAQ: HA) Right Now?
compared to its average ratio and a 36-month beta value of 2.13. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Hawaiian Holdings, Inc. (HA) is $4.08, which is -$0.99 below the current market price. The public float for HA is 49.46M, and currently, short sellers hold a 15.76% ratio of that float. The average trading volume of HA on November 21, 2023 was 2.49M shares.
HA’s Market Performance
HA stock saw an increase of 23.96% in the past week, with a monthly gain of 19.58% and a quarterly increase of -44.10%. The volatility ratio for the week is 9.21%, and the volatility levels for the last 30 days are 7.91% for Hawaiian Holdings, Inc. (HA). The simple moving average for the past 20 days is 18.49% for HA’s stock, with a -39.90% simple moving average for the past 200 days.
Analysts’ Opinion of HA
Many brokerage firms have already submitted their reports for HA stocks, with Goldman repeating the rating for HA by listing it as a “Sell.” The predicted price for HA in the upcoming period, according to Goldman is $8 based on the research report published on December 16, 2022 of the previous year 2022.
HA Trading at -5.85% from the 50-Day Moving Average
After a stumble in the market that brought HA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.43% of loss for the given period.
Volatility was left at 7.91%, however, over the last 30 days, the volatility rate increased by 9.21%, as shares surge +21.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.67% lower at present.
During the last 5 trading sessions, HA rose by +23.96%, which changed the moving average for the period of 200-days by -54.24% in comparison to the 20-day moving average, which settled at $4.32. In addition, Hawaiian Holdings, Inc. saw -50.58% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HA starting from Alter Aaron J, who sale 3,000 shares at the price of $3.93 back on Oct 27. After this action, Alter Aaron J now owns 114,698 shares of Hawaiian Holdings, Inc., valued at $11,794 using the latest closing price.
Alter Aaron J, the Exec VP & Chief Legal Officer of Hawaiian Holdings, Inc., sale 3,000 shares at $10.90 during a trade that took place back on Jul 28, which means that Alter Aaron J is holding 117,698 shares at $32,694 based on the most recent closing price.
Stock Fundamentals for HA
Current profitability levels for the company are sitting at:
- -7.24 for the present operating margin
- +3.25 for the gross margin
The net margin for Hawaiian Holdings, Inc. stands at -9.09. The total capital return value is set at -6.97, while invested capital returns managed to touch -9.35. Equity return is now at value -79.61, with -5.15 for asset returns.
Based on Hawaiian Holdings, Inc. (HA), the company’s capital structure generated 647.63 points at debt to equity in total, while total debt to capital is 86.62. Total debt to assets is 47.67, with long-term debt to equity ratio resting at 602.17. Finally, the long-term debt to capital ratio is 80.54.
When we switch over and look at the enterprise to sales, we see a ratio of 0.36, with the company’s debt to enterprise value settled at 1.67. The receivables turnover for the company is 15.17 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
To put it simply, Hawaiian Holdings, Inc. (HA) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
