Hawaiian Electric Industries, Inc. [NYSE: HE] closed the trading session at $17.51.
The stocks have a year to date performance of 23.40 percent and weekly performance of 67.88 percent. The stock has been moved at 35.21 percent over the last six months. The stock has performed 86.28 percent around the most recent 30 days and changed 71.50 percent over the most recent 3-months.
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If compared to the average trading volume of 3.37M shares, HE reached to a volume of 23311864 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 Electric Industries, Inc. [HE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HE shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HE stock is a recommendation set at 3.67. 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.
Wells Fargo have made an estimate for Hawaiian Electric Industries, Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 10, 2023. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $25 to $8. The new note on the price target was released on August 18, 2023, representing the official price target for Hawaiian Electric Industries, Inc. stock. Previously, the target price had yet another raise to $43, while BofA Securities analysts kept a Underperform rating on HE stock.
The Average True Range (ATR) for Hawaiian Electric Industries, Inc. is set at 1.06, with the Price to Sales ratio for HE stock in the period of the last 12 months amounting to 0.53. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 4.56. Price to Free Cash Flow for HE in the course of the last twelve months was 26.98 with Quick ratio for the last quarter at 3.14.
HE stock trade performance evaluation
Hawaiian Electric Industries, Inc. [HE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 67.88. With this latest performance, HE shares gained by 86.28% in over the last four-week period, additionally plugging by 35.21% over the last 6 months – not to mention a drop of -54.66% 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 HE stock in for the last two-week period is set at 83.75, with the RSI for the last a single of trading hit 89.05, and the three-weeks RSI is set at 79.02 for Hawaiian Electric Industries, Inc. [HE]. The present Moving Average for the last 50 days of trading for this stock 10.35, while it was recorded at 13.16 for the last single week of trading, and 11.92 for the last 200 days.
Hawaiian Electric Industries, Inc. [HE]: An insightful look at the core fundamentals
Hawaiian Electric Industries, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.14 and a Current Ratio set at 3.14.
Earnings per share (EPS) analysis for Hawaiian Electric Industries, Inc. [HE] stock
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 HE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hawaiian Electric Industries, Inc. go to 4.20%.
Hawaiian Electric Industries, Inc. [HE]: Institutional Ownership
The top three institutional holders of HE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HE stock with ownership which is approximately 5.1238%.