Hawaiian Electric Industries, Inc. (NYSE: HE) – Not A Clear Buying Opportunity?

Hawaiian Electric Industries, Inc. (HE) concluded trading on Wednesday at a closing price of $12.47, with 5.22 million shares of worth about $65.08 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.69% during that period and on Wednesday the price saw a loss of about -4.88%. Currently the company’s common shares owned by public are about 110.12M shares, out of which, 109.78M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 18 times over the past 12 months. They bought 29,826 shares in 9 of the transactions. In 9 selling transactions, insiders dumped 29,106 shares.

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Stock saw a price change of -4.88% in past 5 days and over the past one month there was a price change of -6.24%. Year-to-date (YTD), HE shares are showing a performance of -12.12% which decreased to -71.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.06 but also hit the highest price of $43.09 during that period. The average intraday trading volume for Hawaiian Electric Industries, Inc. shares is 2.46 million. The stock is currently trading -5.71% below its 20-day simple moving average (SMA20), while that difference is down -8.79% for SMA50 and it goes to -43.21% lower than SMA200.

Hawaiian Electric Industries, Inc. (NYSE: HE) currently have 110.12M outstanding shares and institutions hold larger chunk of about 58.69% of that.

The stock has a current market capitalization of $1.37B and its 3Y-monthly beta is at 0.57. PE ratio of stock for trailing 12 months is 6.89, while it has posted earnings per share of $1.81 in the same period. Its PEG reads 1.64 and has Quick Ratio of 3.90 while making debt-to-equity ratio of 1.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HE, volatility over the week remained 4.60% while standing at 3.82% over the month.

Analysts are in expectations that Hawaiian Electric Industries, Inc. (HE) stock would likely to be making an EPS of $Home Depot, Inc. (The) in the current quarter, while forecast for next quarter EPS is $358.23 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Heating Oil Mar 24 which is $Henry Hub Natural Gas Look-Alik at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Henry Hub Natural Gas (Physical in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.94% while it is estimated to increase by 5.24% in next year. EPS is likely to grow at an annualized rate of 4.20% for next 5-years, compared to annual growth of -0.42% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on November 10, 2023 offering an Underweight rating for the stock and assigned a target price range of between $8 and $8.50 to it.

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