Market Insight: Hawaiian Electric Industries, Inc. (HE)’s Notable Gain, Closing at 9.78

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In the latest session, Hawaiian Electric Industries, Inc. (NYSE: HE) closed at $9.78 up 0.41% from its previous closing price of $9.74. In other words, the price has increased by $0.41 from its previous closing price. On the day, 2.23 million shares were traded. HE stock price reached its highest trading level at $9.87 during the session, while it also had its lowest trading level at $9.38.

Ratios:

For a deeper understanding of Hawaiian Electric Industries, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.07. For the most recent quarter (mrq), Quick Ratio is recorded 3.14 and its Current Ratio is at 3.14. In the meantime, Its Debt-to-Equity ratio is 1.61 whereas as Long-Term Debt/Eq ratio is at 1.61.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on November 10, 2023, Downgraded its rating to Underweight and sets its target price to $8.50 from $8 previously.

On August 18, 2023, Wells Fargo Upgraded its rating to Equal Weight which previously was Underweight and also lowered its target price recommendation from $25 to $8.

BofA Securities Downgraded its Neutral to Underperform on August 18, 2022, while the target price for the stock was maintained at $43.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HE now has a Market Capitalization of 1078763264 and an Enterprise Value of 4508500992. As of this moment, Hawaiian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.77, and their Forward P/E ratio for the next fiscal year is 4.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.45. Its current Enterprise Value per Revenue stands at 1.235 whereas that against EBITDA is 6.881.

Stock Price History:

Over the past 52 weeks, HE has reached a high of $40.16, while it has fallen to a 52-week low of $8.74. The 50-Day Moving Average of the stock is -7.38%, while the 200-Day Moving Average is calculated to be -20.30%.

Shares Statistics:

For the past three months, HE has traded an average of 2.30M shares per day and 1723620 over the past ten days. A total of 110.15M shares are outstanding, with a floating share count of 109.88M. Insiders hold about 0.36% of the company’s shares, while institutions hold 58.67% stake in the company. Shares short for HE as of 1715731200 were 22832251 with a Short Ratio of 10.29, compared to 1713139200 on 17951703. Therefore, it implies a Short% of Shares Outstanding of 22832251 and a Short% of Float of 20.75.

Dividends & Splits

According to the company, the forward annual dividend rate for HE is 0.36, from 0.72 in the trailing year. Against a Trailing Annual Dividend Yield of 0.07392198The stock’s 5-year Average Dividend Yield is 4.38.

Earnings Estimates

The current rating of Hawaiian Electric Industries, Inc. (HE) is the result of assessments by 1.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.49 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.49, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.55, with high estimates of $0.55 and low estimates of $0.55.

Analysts are recommending an EPS of between $2.0 and $1.52 for the fiscal current year, implying an average EPS of $1.83. EPS for the following year is $1.96, with 3.0 analysts recommending between $2.18 and $1.59.

Revenue Estimates

A total of 1 analysts believe the company’s revenue will be $911.33M this quarter.It ranges from a high estimate of $911.33M to a low estimate of $911.33M. As of the current estimate, Hawaiian Electric Industries, Inc.’s year-ago sales were $845.37MFor the next quarter, 1 analysts are estimating revenue of $917.15M. There is a high estimate of $917.15M for the next quarter, whereas the lowest estimate is $917.15M.

A total of 2 analysts have provided revenue estimates for HE’s current fiscal year. The highest revenue estimate was $3.73B, while the lowest revenue estimate was $3.59B, resulting in an average revenue estimate of $3.66B. In the same quarter a year ago, actual revenue was $3.68BBased on 2 analysts’ estimates, the company’s revenue will be $3.76B in the next fiscal year. The high estimate is $3.78B and the low estimate is $3.73B.

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