Hawaiian Electric Industries, Inc (NYSE: HE) is -6.89% 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 $8.81 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $9.06, the stock is 0.50% and -7.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing 2.84% at the moment leaves the stock -15.94% off its SMA200. HE registered -32.84% loss for a year compared to 6-month loss of -45.81%. The firm has a 50-day simple moving average (SMA 50) of $9.7766 and a 200-day simple moving average (SMA200) of $10.7861.
The stock witnessed a -8.85% gain in the last 1 month and extending the period to 3 months gives it a -10.03%, and is -0.33% 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 3.32% over the week and 4.16% over the month.
Hawaiian Electric Industries, Inc (HE) has around 3706 employees, a market worth around $1.56B and $3.69B in sales. Fwd P/E is 9.29. Profit margin for the company is -35.43%. Distance from 52-week low is 19.13% and -50.19% 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.
384.0 institutions hold shares in Hawaiian Electric Industries, Inc (HE), with institutional investors hold 71.04% of the company’s shares. The shares outstanding are 172.47M, and float is at 172.09M with Short Float at 7.34%. Institutions hold 70.90% 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.
