Hawaiian Electric Industries, Inc (NYSE: HE) is -15.93% 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 $8.91 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $8.18, the stock is -15.36% and -18.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.03 million and changing -8.19% at the moment leaves the stock -25.02% off its SMA200. HE registered -45.36% loss for a year compared to 6-month loss of -25.23%. The firm has a 50-day simple moving average (SMA 50) of $10.0878 and a 200-day simple moving average (SMA200) of $10.90955.
The stock witnessed a -22.46% gain in the last 1 month and extending the period to 3 months gives it a -14.17%, and is -13.44% 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 3.90% over the week and 3.54% over the month.
Hawaiian Electric Industries, Inc (HE) has around 3706 employees, a market worth around $1.41B and $3.69B in sales. Fwd P/E is 8.39. Profit margin for the company is -35.43%. Distance from 52-week low is 7.56% and -55.03% 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 -17.41% this year, but quarterly earnings will post 0.17% year-over-year.
Hawaiian Electric Industries, Inc (HE) Top Institutional Holders
383.0 institutions hold shares in Hawaiian Electric Industries, Inc (HE), with institutional investors hold 69.78% of the company’s shares. The shares outstanding are 172.47M, and float is at 172.09M with Short Float at 9.45%. Institutions hold 69.64% 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.
Hawaiian Electric Industries, Inc (HE) Insider Activity
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