Hawaiian Electric Industries Inc. (NYSE:HE) does about 342.83K shares in volume on a normal day but saw 435249 shares change hands in Friday trading. The company now has a market cap of 4.56B USD. Its current market price is $42.30, marking an increase of 2.22% compared to the previous close of $41.38. The 52 week high reached by this stock is $44.72 whilst the lowest price level in 52 weeks is $33.18. The script in recent trading has seen the stock touch a high of $42.53 and a low of $41.09.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Hawaiian Electric Industries Inc. (HE) has a 20-day trading average at $42.24 and the current price is -5.41% off the 52-week high compared with 27.49% distance from its 52-week low. The 50-day simple moving average of the closing price is $41.81 and its 200-day simple moving average is $40.30. If we look at the stock’s price movements over the week, volatility stands at 3.17%, which decreases to 2.29% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.68 to suggest the stock is neutral.
4 analysts observing the Hawaiian Electric Industries Inc. (HE) stock have set the 12-month price targets for the company’s shares at between $37.00 and $42.00. The consensus objective for the share price is $39.25, suggesting that the stock has a potential downside of -7.77% over the period. The median price target is -5.75% away from the current levels at $40.00.
FactSet Research has provided data showing that 4 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Underweight and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 18, 2022 when BofA Securities downgraded the stock to “Underperform” and issued a price target of $43. Guggenheim upgraded the stock to “Neutral” from Sell on January 20, 2022 at a price target of $41. Evercore ISI upgraded its price target at $45.
The current price level is 0.29%, 1.25%, and 4.99% away from its SMA20, SMA50, and SMA200 respectively, with the HE price moving above the 50-day SMA on February 17. Hawaiian Electric Industries Inc. (HE) stock is down -0.26% over the week and 3.07% over the past month. Its price is 1.08% year-to-date and 6.44% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.57 above consensus estimates by $0.02. HE’s earnings per share are forecast to shrink by -4.90% this year and 8.40% over next year. Expected sales for next quarter are $712.32 million, which analysts say will come at $3.22 billion for the current fiscal year and next year at $3.16 billion. In addition, estimates put the company’s current quarterly revenue at an average of $771.7 million.
Its 12-month price target is $40.00. To reach the target analysts have set, the stock logically needs to shrink -7.77 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $37.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $42.00.
Outstanding shares total 109.47M with insiders holding 0.93% of the shares and institutional holders owning 58.01% of the company’s common stock. The company has a return on investment of 6.70% and return on equity of 10.50%. The price to earnings ratio (P/E ratio) amounts to 19.46 while the forward price to earnings ratio is 18.25. The beta has a value of 0.40. Price to book ratio is 2.14 and price to sales ratio is 1.31.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Mid Cap ETF has reduced its position in Hawaiian Electric Industries Inc. (HE) to 3,402,656 shares, mirroring a recent drop by -0.19%. iShares Core S&P Mid Cap ETF dumped 6440.0 shares of Hawaiian Electric Industries Inc. common stock bringing its total worth to about $143.83 million at the end of recent close, SEC documents show. iShares Core S&P Mid Cap ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 4901.0 shares to end up with 3,347,313 shares worth $141.49 million.
