The stock price of Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) has plunged by -2.00 when compared to previous closing price of 25.94, but the company has seen a 4.44% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-24 that ANNAPOLIS, Md.–(BUSINESS WIRE)–Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its first quarter 2024 results after market close on Tuesday, May 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time). The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll). Participants should.
Is It Worth Investing in Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) Right Now?
The price-to-earnings ratio for Hannon Armstrong Sustainable Infrastructure capital Inc (NYSE: HASI) is above average at 19.12x, Company’s 36-month beta value is 1.86.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for HASI is 111.46M, and currently, short sellers hold a 13.35% ratio of that floaft. The average trading volume of HASI on April 26, 2024 was 878.56K shares.
HASI’s Market Performance
HASI’s stock has seen a 4.44% increase for the week, with a -4.90% drop in the past month and a 8.82% gain in the past quarter. The volatility ratio for the week is 3.78%, and the volatility levels for the past 30 days are at 3.63% for Hannon Armstrong Sustainable Infrastructure capital Inc The simple moving average for the last 20 days is -3.42% for HASI stock, with a simple moving average of 6.85% for the last 200 days.
Analysts’ Opinion of HASI
Many brokerage firms have already submitted their reports for HASI stocks, with Goldman repeating the rating for HASI by listing it as a “Neutral.” The predicted price for HASI in the upcoming period, according to Goldman is $26 based on the research report published on November 28, 2023 of the previous year 2023.
Mizuho, on the other hand, stated in their research note that they expect to see HASI reach a price target of $30. The rating they have provided for HASI stocks is “Buy” according to the report published on November 21st, 2023.
Exane BNP Paribas gave a rating of “Outperform” to HASI, setting the target price at $29 in the report published on October 20th of the previous year.
HASI Trading at -1.60% from the 50-Day Moving Average
After a stumble in the market that brought HASI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.93% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares sank -9.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.94% upper at present.
During the last 5 trading sessions, HASI rose by +4.44%, which changed the moving average for the period of 200-days by -0.86% in comparison to the 20-day moving average, which settled at $26.19. In addition, Hannon Armstrong Sustainable Infrastructure capital Inc saw -7.83% 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 HASI starting from Armbrister Clarence D, who purchase 420 shares at the price of $23.99 back on Nov 20 ’23. After this action, Armbrister Clarence D now owns 420 shares of Hannon Armstrong Sustainable Infrastructure capital Inc, valued at $10,076 using the latest closing price.
Pangburn Marc T., the Chief Financial Officer of Hannon Armstrong Sustainable Infrastructure capital Inc, purchase 5,000 shares at $21.09 during a trade that took place back on Aug 21 ’23, which means that Pangburn Marc T. is holding 53,291 shares at $105,450 based on the most recent closing price.
Stock Fundamentals for HASI
Current profitability levels for the company are sitting at:
- 0.86 for the present operating margin
- 0.75 for the gross margin
The net margin for Hannon Armstrong Sustainable Infrastructure capital Inc stands at 0.57. The total capital return value is set at 0.03. Equity return is now at value 7.95, with 2.62 for asset returns.
Based on Hannon Armstrong Sustainable Infrastructure capital Inc (HASI), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 2.02. The interest coverage ratio of the stock is 1.31.
Currently, EBITDA for the company is 224.24 million with net debt to EBITDA at 15.93. When we switch over and look at the enterprise to sales, we see a ratio of 27.18. The receivables turnover for the company is 0.08for trailing twelve months and the total asset turnover is 0.04.
Conclusion
In a nutshell, Hannon Armstrong Sustainable Infrastructure capital Inc (HASI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
