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As of close of business last night, Hawaiian Electric Industries, Inc.’s stock clocked out at $11.24, down -7.94% from its previous closing price of $12.21. In other words, the price has decreased by -$7.94 from its previous closing price. On the day, 2.45 million shares were traded. HE stock price reached its highest trading level at $12.5 during the session, while it also had its lowest trading level at $11.125.
Ratios:
To gain a deeper understanding of HE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.69 and its Current Ratio is at 3.69. In the meantime, Its Debt-to-Equity ratio is 3.48 whereas as Long-Term Debt/Eq ratio is at 3.48.
On November 10, 2023, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also upped its target price recommendation from $8 to $8.50.
Wells Fargo Upgraded its Underweight to Equal Weight on August 18, 2023, whereas the target price for the stock was revised from $25 to $8.
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 1346810496 and an Enterprise Value of 4619761664. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 1.265 whereas that against EBITDA is -4.003.
Stock Price History:
Over the past 52 weeks, HE has reached a high of $18.19, while it has fallen to a 52-week low of $7.61. The 50-Day Moving Average of the stock is -11.06%, while the 200-Day Moving Average is calculated to be -7.43%.
Shares Statistics:
It appears that HE traded 4.40M shares on average per day over the past three months and 2682060 shares per day over the past ten days. 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 65.18% stake in the company. Shares short for HE as of 1723680000 were 14023516 with a Short Ratio of 3.19, compared to 1721001600 on 26871983. Therefore, it implies a Short% of Shares Outstanding of 14023516 and a Short% of Float of 12.740000000000002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.02948403The stock’s 5-year Average Dividend Yield is 4.47.