Hawaiian Holdings Inc. [HA] Stock trading around $13.33 per share: What’s Next?

Hawaiian Holdings Inc. [NASDAQ: HA] surged by $0.54 during the normal trading session on Friday and reaching a high of $13.35 during the day while it closed the day at $13.33. The company report on October 1, 2020 that Hawaiian Airlines Expands Pre-Travel COVID-19 Testing Options with Convenient At-home Service.

Guests can self-administer tests at home with real time audio-video supervision.

Hawaiian Airlines today began offering travelers visiting or returning to the Hawaiian Islands from the U.S. mainland a pre-travel COVID-19 test they can take from the comfort of their home to qualify to be exempt from the state of Hawai’i quarantine.

Hawaiian Holdings Inc. stock has also loss -2.77% of its value over the past 7 days. However, HA stock has inclined by 0.76% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.51% and lost -54.49% year-on date.

The market cap for HA stock reached $588.25 million, with 45.97 million shares outstanding and 45.00 million shares in the current float. Compared to the average trading volume of 953.46K shares, HA reached a trading volume of 1291288 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Hawaiian Holdings Inc. [HA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HA shares is $13.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HA stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Seaport Global Securities have made an estimate for Hawaiian Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 15, 2020. The new note on the price target was released on May 29, 2020, representing the official price target for Hawaiian Holdings Inc. stock. Previously, the target price had yet another drop from $23 to $13, while Stifel kept a Hold rating on HA stock.

The Average True Range (ATR) for Hawaiian Holdings Inc. is set at 0.65, with the Price to Sales ratio for HA stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 17.24.

HA stock trade performance evaluation

Hawaiian Holdings Inc. [HA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.77. With this latest performance, HA shares dropped by -9.44% in over the last four-week period, additionally plugging by 15.51% over the last 6 months – not to mention a drop of -54.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HA stock in for the last two-week period is set at 51.11, with the RSI for the last a single of trading hit 52.08, and the three-weeks RSI is set at 49.87 for Hawaiian Holdings Inc. [HA]. The present Moving Average for the last 50 days of trading for this stock 13.42, while it was recorded at 13.05 for the last single week of trading, and 16.28 for the last 200 days.

Hawaiian Holdings Inc. [HA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hawaiian Holdings Inc. [HA] shares currently have an operating margin of +11.40 and a Gross Margin at +21.49. Hawaiian Holdings Inc.’s Net Margin is presently recorded at +7.92.

Return on Total Capital for HA is now 15.71, given the latest momentum, and Return on Invested Capital for the company is 11.66. Return on Equity for this stock inclined to 22.07, with Return on Assets sitting at 5.73. When it comes to the capital structure of this company, Hawaiian Holdings Inc. [HA] has a Total Debt to Total Equity ratio set at 125.92. Additionally, HA Total Debt to Total Capital is recorded at 55.74, with Total Debt to Total Assets ending up at 30.66. Long-Term Debt to Equity for the company is recorded at 111.28, with the Long-Term Debt to Total Capital now at 49.26.

Reflecting on the efficiency of the workforce at the company, Hawaiian Holdings Inc. [HA] managed to generate an average of $30,118 per employee. Receivables Turnover for the company is 20.68 with a Total Asset Turnover recorded at a value of 0.72.Hawaiian Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for Hawaiian Holdings Inc. [HA] stock

With the latest financial reports released by the company, Hawaiian Holdings Inc. posted 1.71/share EPS, while the average EPS was predicted by analysts to be reported at 1.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HA.

Hawaiian Holdings Inc. [HA]: Insider Ownership positions

There are presently around $485 million, or 81.00% of HA stock, in the hands of institutional investors. The top three institutional holders of HA stocks are: BLACKROCK INC. with ownership of 6,866,238, which is approximately -0.288% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 4,402,804 shares of the stock with an approximate value of $58.69 million in HA stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $49.19 million in HA stock with ownership of nearly 1.745% of the company’s market capitalization.

Positions in Hawaiian Holdings Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 90 institutional holders increased their position in Hawaiian Holdings Inc. [NASDAQ:HA] by around 5,222,523 shares. Additionally, 92 investors decreased positions by around 6,676,639 shares, while 28 investors held positions by with 24,514,258 shares. The mentioned changes placed institutional holdings at 36,413,420 shares, according to the latest SEC report filing. HA stock had 29 new institutional investments in for a total of 1,497,695 shares, while 34 institutional investors sold positions of 2,282,646 shares during the same period.

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