Hawaiian Holdings, Inc. (NASDAQ: HA)’s stock price has decreased by -5.15 compared to its previous closing price of 16.61. However, the company has seen a 12.14% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-17 that Shares of First Hawaiian have done okay since my last update, returning around 10% despite the recent pull back in regional bank stocks. The bank is performing about in line with initial guidance. Rate cuts look set to be a modest headwind, though balance sheet dynamics will be a longer-term tailwind. These shares can do okay for longer-term investors, but the near-term outlook remains tepid at best.
Is It Worth Investing in Hawaiian Holdings, Inc. (NASDAQ: HA) Right Now?
HA has 36-month beta value of 2.38. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 2 as “sell.”
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The public float for HA is 50.42M, and currently, short sellers hold a 10.72% ratio of that float. The average trading volume of HA on August 19, 2024 was 1.10M shares.
HA’s Market Performance
HA stock saw an increase of 12.14% in the past week, with a monthly gain of 13.35% and a quarterly increase of 15.76%. The volatility ratio for the week is 8.32%, and the volatility levels for the last 30 days are 7.82% for Hawaiian Holdings, Inc. (HA). The simple moving average for the last 20 days is 19.21% for HA stock, with a simple moving average of 26.57% for the last 200 days.
Analysts’ Opinion of HA
Many brokerage firms have already submitted their reports for HA stocks, with TD Cowen repeating the rating for HA by listing it as a “Hold.” The predicted price for HA in the upcoming period, according to TD Cowen is $13 based on the research report published on July 17, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see HA reach a price target of $16, previously predicting the price at $4. The rating they have provided for HA stocks is “Buy” according to the report published on December 04th, 2023.
Goldman gave a rating of “Sell” to HA, setting the target price at $8 in the report published on December 16th of the previous year.
HA Trading at 20.14% 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 -5.26% of loss for the given period.
Volatility was left at 7.82%, however, over the last 30 days, the volatility rate increased by 8.32%, as shares surge +13.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.51% upper at present.
During the last 5 trading sessions, HA rose by +13.02%, which changed the moving average for the period of 200-days by +277.20% in comparison to the 20-day moving average, which settled at $13.31. In addition, Hawaiian Holdings, Inc. saw 10.95% in overturn over a single year, with a tendency to cut further gains.
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 ’23. After this action, Alter Aaron J now owns 114,698 shares of Hawaiian Holdings, Inc., valued at $11,794 using the latest closing price.
Stock Fundamentals for HA
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- -0.01 for the gross margin
The net margin for Hawaiian Holdings, Inc. stands at -0.13. The total capital return value is set at -0.12. Equity return is now at value -600.15, with -8.55 for asset returns.
Based on Hawaiian Holdings, Inc. (HA), the company’s capital structure generated 1.05 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 -21.65. The interest coverage ratio of the stock is -9.79.
Currently, EBITDA for the company is -149.5 million with net debt to EBITDA at -8.92. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 24.43for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
To put it simply, Hawaiian Holdings, Inc. (HA) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
