Hawaiian Electric Industries, Inc (NYSE: HE) is -30.66% lower on its value in year-to-date trading and has touched a low of $7.61 and a high of $18.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HE stock was last observed hovering at around $9.70 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $9.84, the stock is -2.55% and -4.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.33 million and changing 1.44% at the moment leaves the stock -13.01% off its SMA200. HE registered -18.27% loss for a year compared to 6-month loss of -16.61%. The firm has a 50-day simple moving average (SMA 50) of $10.3148 and a 200-day simple moving average (SMA200) of $11.31205.
The stock witnessed a -5.84% gain in the last 1 month and extending the period to 3 months gives it a -26.40%, and is -6.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.97% over the week and 4.25% over the month.
Hawaiian Electric Industries, Inc (HE) has around 3706 employees, a market worth around $1.70B and $3.69B in sales. Fwd P/E is 7.57. Profit margin for the company is -35.43%. Distance from 52-week low is 29.39% and -45.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.80%).
The EPS is expected to shrink by -38.97% this year
372.0 institutions hold shares in Hawaiian Electric Industries, Inc (HE), with institutional investors hold 61.59% of the company’s shares. The shares outstanding are 164.36M, and float is at 163.98M with Short Float at 5.15%. Institutions hold 61.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.47 million shares valued at $103.46 million. The investor’s holdings represent 10.4065 of the HE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.21 million shares valued at $101.15 million to account for 10.1741 of the shares outstanding. The other top investors are AQR CAPITAL MANAGEMENT LLC which holds 6.69 million shares representing 6.0729 and valued at over $60.31 million, while STATE STREET CORP holds 2.5507 of the shares totaling 2.81 million with a market value of $25.36 million.
