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After finishing at $10.83 in the prior trading day, Hawaiian Electric Industries, Inc. (NYSE: HE) closed at $10.95, up 1.11%. In other words, the price has increased by $1.11 from its previous closing price. On the day, 1.49 million shares were traded. HE stock price reached its highest trading level at $11.085 during the session, while it also had its lowest trading level at $10.71.
Ratios:
Our goal is to gain a better understanding of HE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.69. For the most recent quarter (mrq), Quick Ratio is recorded 3.55 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 1.70 whereas as Long-Term Debt/Eq ratio is at 1.67.
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 1207817856 and an Enterprise Value of 4582973952. As of this moment, Hawaiian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.04, and their Forward P/E ratio for the next fiscal year is 4.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 1.245 whereas that against EBITDA is 6.859.
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 -5.22%, while the 200-Day Moving Average is calculated to be -31.34%.
Shares Statistics:
The stock has traded on average 2.43M shares per day over the past 3-months and 3509270 shares per day over the last 10 days, according to various share statistics. A total of 110.15M shares are outstanding, with a floating share count of 109.74M. Insiders hold about 0.37% of the company’s shares, while institutions hold 60.59% stake in the company. Shares short for HE as of 1711584000 were 16065817 with a Short Ratio of 6.62, compared to 1709164800 on 15948621. Therefore, it implies a Short% of Shares Outstanding of 16065817 and a Short% of Float of 14.6.
Dividends & Splits
In the trailing 12 months, HE’s forward annual dividend rate was 1.08, compared to 0.72 this year. Against a Trailing Annual Dividend Yield of 0.099723The stock’s 5-year Average Dividend Yield is 4.25.
