Hawaiian Electric Industries, Inc. (HE) concluded trading on Wednesday at a closing price of $10.45, with 2.95 million shares of worth about $30.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.96% during that period and on October 16, 2024 the price saw a gain of about 0.58%. Currently the company’s common shares owned by public are about 164.36M shares, out of which, 163.98M shares are available for trading.
Stock saw a price change of 9.65% in past 5 days and over the past one month there was a price change of -14.62%. Year-to-date (YTD), HE shares are showing a performance of -26.36% which decreased to -17.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.61 but also hit the highest price of $18.19 during that period. The average intraday trading volume for Hawaiian Electric Industries, Inc. shares is 4.92 million. The stock is currently trading 4.72% above its 20-day simple moving average (SMA20), while that difference is down -7.78% for SMA50 and it goes to -10.70% lower than SMA200.
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Hawaiian Electric Industries, Inc. (NYSE: HE) currently have 164.36M outstanding shares and institutions hold larger chunk of about 43.52% of that.
The stock has a current market capitalization of $1.72B and its 3Y-monthly beta is at 0.55. It has posted earnings per share of -$10.55 in the same period. It has Quick Ratio of 3.69 while making debt-to-equity ratio of 3.48. 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 4.04% while standing at 4.72% over the month.
Stock’s fiscal year EPS is expected to drop by -16.91% while it is estimated to decrease by -23.30% in next year. EPS is likely to shrink at an annualized rate of -6.95% 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 August 23, 2024 offering an Equal weight rating for the stock and assigned a target price of $14 to it. Coverage by Wells Fargo stated Hawaiian Electric Industries, Inc. (HE) stock as an Underweight in their note to investors on November 10, 2023, suggesting a price target of $8.50 for the stock. On August 18, 2023, Wells Fargo Upgrade their recommendations, while on August 18, 2022, BofA Securities Downgrade their ratings for the stock with a price target of $43. Stock get a Neutral rating from Guggenheim on January 20, 2022.
