The price-to-earnings ratio for Hawaiian Electric Industries, Inc. (NYSE: HE) is above average at 9.26x. The 36-month beta value for HE is also noteworthy at 0.58. 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 109.90M, and at present, short sellers hold a 24.45% of that float. The average trading volume of HE on August 05, 2024 was 3.97M shares.
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HE) stock’s latest price update
Hawaiian Electric Industries, Inc. (NYSE: HE)’s stock price has plunge by -2.24relation to previous closing price of 16.06. Nevertheless, the company has seen a -3.98% plunge in its stock price over the last five trading sessions. reuters.com reported 2024-08-02 that Hawaiian’s largest utility said on Friday it had agreed to pay roughly half of a more than $4 billion legal settlement that will compensate victims of last year’s deadly Maui wildfires.
HE’s Market Performance
HE’s stock has fallen by -3.98% in the past week, with a monthly rise of 94.31% and a quarterly rise of 50.38%. The volatility ratio for the week is 3.80% while the volatility levels for the last 30 days are 8.56% for Hawaiian Electric Industries, Inc. The simple moving average for the last 20 days is 13.10% for HE stock, with a simple moving average of 29.37% 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 37.30% 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 -59.36% of loss for the given period.
Volatility was left at 8.56%, however, over the last 30 days, the volatility rate increased by 3.80%, as shares surge +98.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.19% upper at present.
During the last 5 trading sessions, HE fell by -5.93%, which changed the moving average for the period of 200-days by +19.69% in comparison to the 20-day moving average, which settled at $14.26. In addition, Hawaiian Electric Industries, Inc. saw 10.64% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HE
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.09 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 8.05, with 1.13 for asset returns.
Based on Hawaiian Electric Industries, Inc. (HE), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.67. The interest coverage ratio of the stock is 2.71.
Currently, EBITDA for the company is 620.29 million with net debt to EBITDA at 5.85. When we switch over and look at the enterprise to sales, we see a ratio of 1.4. The receivables turnover for the company is 7.79for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.14.
Conclusion
In summary, Hawaiian Electric Industries, Inc. (HE) has had a mixed 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.
