The stock of Hawaiian Electric Industries, Inc. (NYSE: HE) has decreased by -2.38 when compared to last closing price of 10.10.Despite this, the company has seen a gain of 0.10% in its stock price over the last five trading days. Business Wire reported 2024-04-16 that HONOLULU–(BUSINESS WIRE)–Hawaiian Electric Industries to Announce First Quarter 2024 Results May 10; American Savings Bank to Announce First Quarter 2024 Results April 30.
Is It Worth Investing in Hawaiian Electric Industries, Inc. (NYSE: HE) Right Now?
The price-to-earnings ratio for Hawaiian Electric Industries, Inc. (NYSE: HE) is above average at 5.44x. The 36-month beta value for HE is also noteworthy at 0.59. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 2 rating it as “sell.”
The public float for HE is 109.74M, and at present, short sellers hold a 16.36% of that float. The average trading volume of HE on May 08, 2024 was 2.50M shares.
HE’s Market Performance
The stock of Hawaiian Electric Industries, Inc. (HE) has seen a 0.10% increase in the past week, with a -10.93% drop in the past month, and a -25.58% fall in the past quarter. The volatility ratio for the week is 4.06%, and the volatility levels for the past 30 days are at 5.06% for HE. The simple moving average for the last 20 days is -5.35% for HE’s stock, with a simple moving average of -32.40% for the last 200 days.
Analysts’ Opinion of HE
Many brokerage firms have already submitted their reports for HE stocks, with Wells Fargo repeating the rating for HE by listing it as a “Underweight.” The predicted price for HE in the upcoming period, according to Wells Fargo is $8.50 based on the research report published on November 10, 2023 of the previous year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see HE reach a price target of $8, previously predicting the price at $25. The rating they have provided for HE stocks is “Equal Weight” according to the report published on August 18th, 2023.
BofA Securities gave a rating of “Underperform” to HE, setting the target price at $43 in the report published on August 18th of the previous year.
HE Trading at -10.40% from the 50-Day Moving Average
After a stumble in the market that brought HE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.45% of loss for the given period.
Volatility was left at 5.06%, however, over the last 30 days, the volatility rate increased by 4.06%, as shares sank -11.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.51% lower at present.
During the last 5 trading sessions, HE rose by +0.10%, which changed the moving average for the period of 200-days by -74.91% in comparison to the 20-day moving average, which settled at $10.35. In addition, Hawaiian Electric Industries, Inc. saw -30.51% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HE
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.1 for the gross margin
The net margin for Hawaiian Electric Industries, Inc. stands at 0.05. The total capital return value is set at 0.02. Equity return is now at value 8.71, with 1.17 for asset returns.
Based on Hawaiian Electric Industries, Inc. (HE), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.53. The interest coverage ratio of the stock is 2.91.
Currently, EBITDA for the company is 620.29 million with net debt to EBITDA at 6.29. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 6.41for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.55.
Conclusion
In summary, Hawaiian Electric Industries, Inc. (HE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
