Market Momentum: Hawaiian Electric Industries, Inc. (HE) Registers a -2.64 Decrease, Closing at 10.70

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Hawaiian Electric Industries, Inc. (NYSE: HE) closed the day trading at $10.70 down -2.64% from the previous closing price of $10.99. In other words, the price has decreased by -$2.64 from its previous closing price. On the day, 1.67 million shares were traded. HE stock price reached its highest trading level at $11.05 during the session, while it also had its lowest trading level at $10.68.


For a better understanding of HE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.49. 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 1180242048 and an Enterprise Value of 4609979392. As of this moment, Hawaiian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.31, and their Forward P/E ratio for the next fiscal year is 5.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 1.263 whereas that against EBITDA is 7.036.

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 -0.03%, while the 200-Day Moving Average is calculated to be -13.57%.

Shares Statistics:

Over the past 3-months, HE traded about 2.41M shares per day on average, while over the past 10 days, HE traded about 1493440 shares per day. A total of 110.15M shares are outstanding, with a floating share count of 109.90M. Insiders hold about 0.36% of the company’s shares, while institutions hold 58.65% stake in the company. Shares short for HE as of 1715731200 were 22832251 with a Short Ratio of 9.46, 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

HE’s forward annual dividend rate is 0.36, up from 0.72 a year ago. Against a Trailing Annual Dividend Yield of 0.06551411The stock’s 5-year Average Dividend Yield is 4.38.

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