Hawaiian Electric Industries, Inc (HE) concluded trading on Wednesday at a closing price of $8.91, with 3.81 million shares of worth about $33.91 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.91% during that period and on January 08, 2025 the price saw a loss of about -1.87%. Currently the company’s common shares owned by public are about 172.47M shares, out of which, 172.09M shares are available for trading.
Stock saw a price change of -8.43% in past 5 days and over the past one month there was a price change of -16.42%. Year-to-date (YTD), HE shares are showing a performance of -8.43% which decreased to -41.42% 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 3.02 million. The stock is currently trading -8.88% below its 20-day simple moving average (SMA20), while that difference is down -12.01% for SMA50 and it goes to -18.43% lower than SMA200.
Hawaiian Electric Industries, Inc (NYSE: HE) currently have 172.47M outstanding shares and institutions hold larger chunk of about 74.06% of that.
The stock has a current market capitalization of $1.54B and its 3Y-monthly beta is at 0.55. It has posted earnings per share of -$11.83 in the same period. It has Quick Ratio of 5.56 while making debt-to-equity ratio of 2.41. 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 3.44% while standing at 3.36% over the month.
Stock’s fiscal year EPS is expected to drop by -17.48% while it is estimated to decrease by -39.01% in next year. EPS is likely to shrink at an annualized rate of -12.15% 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 Jefferies on December 03, 2024 offering a Hold rating for the stock and assigned a target price of $11.50 to it. Coverage by Wells Fargo stated Hawaiian Electric Industries, Inc (HE) stock as an Equal weight in their note to investors on August 23, 2024, suggesting a price target of $14 for the stock. On November 10, 2023, Wells Fargo Downgrade their recommendations, while on August 18, 2023, Wells Fargo Upgrade their ratings for the stock with a price target of $8. Stock get an Underperform rating from BofA Securities on August 18, 2022.
