why Hawaiian Holdings, Inc. [HA] is a Good Choice for Investors After New Price Target of $5.67

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Hawaiian Holdings, Inc. [NASDAQ: HA] traded at a high on 11/02/23, posting a 9.57 gain after which it closed the day’ session at $4.35. The company report on October 24, 2023 at 4:07 PM that Hawaiian Holdings Reports 2023 Third Quarter Financial Results: Delivering for the Future With Launch of Freighter Service and Dreamliner Ticket Sales.

Hawaiian Holdings, Inc. (NASDAQ: HA) (the “Company”), parent company of Hawaiian Airlines, Inc. (“Hawaiian”), today reported its financial results for the third quarter of 2023.

“I am immensely proud of our team’s continued focus on moving our company forward, particularly in a quarter affected by the tragic wildfires in Maui,” said Hawaiian Airlines President and CEO Peter Ingram.  “Underlying demand remains resilient, our brand and business model are core strengths and the major investments we are making now will create substantial value in 2024 and beyond.”.

The results of the trading session contributed to over 3511145 shares changing hands. Over the past one week, the price volatility of Hawaiian Holdings, Inc. stands at 8.58% while the volatility over the past one month is 7.75%.

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The market cap for HA stock reached $224.59 million, with 51.45 million shares outstanding and 49.46 million shares in the current float. Compared to the average trading volume of 2.30M shares, HA reached a trading volume of 3511145 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $5.67 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 3.38. 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.

Goldman have made an estimate for Hawaiian Holdings, Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on December 16, 2022.

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The Average True Range (ATR) for Hawaiian Holdings, Inc. is set at 0.37, with the Price to Sales ratio for HA stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 22.30.

How has HA stock performed recently?

Hawaiian Holdings, Inc. [HA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.10. With this latest performance, HA shares dropped by -22.46% in over the last four-week period, additionally sinking by -43.73% over the last 6 months – not to mention a drop of -69.73% 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 38.22, with the RSI for the last a single of trading hit 44.70, and the three-weeks RSI is set at 35.55 for Hawaiian Holdings, Inc. [HA]. The present Moving Average for the last 50 days of trading for this stock 6.27, while it was recorded at 4.15 for the last single week of trading, and 8.85 for the last 200 days.

Hawaiian Holdings, Inc. [HA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Hawaiian Holdings, Inc. [HA] shares currently have an operating margin of -7.24 and a Gross Margin at +3.25. Hawaiian Holdings, Inc.’s Net Margin is presently recorded at -9.09.

Return on Total Capital for HA is now -6.97, given the latest momentum, and Return on Invested Capital for the company is -9.35. Return on Equity for this stock declined to -53.21, with Return on Assets sitting at -5.04. When it comes to the capital structure of this company, Hawaiian Holdings, Inc. [HA] has a Total Debt to Total Equity ratio set at 647.63. Additionally, HA Total Debt to Total Capital is recorded at 86.62, with Total Debt to Total Assets ending up at 47.67. Long-Term Debt to Equity for the company is recorded at 602.17, with the Long-Term Debt to Total Capital now at 80.54.

Reflecting on the efficiency of the workforce at the company, Hawaiian Holdings, Inc. [HA] managed to generate an average of -$33,776 per employee. Receivables Turnover for the company is 15.17 with a Total Asset Turnover recorded at a value of 0.55.Hawaiian Holdings, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.15.

Insider trade positions for Hawaiian Holdings, Inc. [HA]

The top three institutional holders of HA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in HA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in HA stock with ownership which is approximately 5.7994%.

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