Hawaiian Electric Industries, Inc (NYSE: HE) is -26.22% 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 $10.58 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $10.47, the stock is 2.50% and 2.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing -1.04% at the moment leaves the stock -6.99% off its SMA200. HE registered -22.44% loss for a year compared to 6-month loss of -5.93%. The firm has a 50-day simple moving average (SMA 50) of $10.2604 and a 200-day simple moving average (SMA200) of $11.25715.
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The stock witnessed a 5.97% gain in the last 1 month and extending the period to 3 months gives it a -6.01%, and is 7.94% up 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 4.04% over the week and 4.45% over the month.
Hawaiian Electric Industries, Inc (HE) has around 3706 employees, a market worth around $1.81B and $3.69B in sales. Fwd P/E is 8.38. Profit margin for the company is -35.43%. Distance from 52-week low is 37.67% and -42.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.80%).
Hawaiian Electric Industries, Inc quarterly earnings per share for the current quarter are estimated at 0.31.The EPS is expected to shrink by -25.49% this year
382.0 institutions hold shares in Hawaiian Electric Industries, Inc (HE), with institutional investors hold 69.47% of the company’s shares. The shares outstanding are 172.47M, and float is at 172.07M with Short Float at 4.90%. Institutions hold 69.32% 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.
