Hawaiian Electric Industries, Inc. [NYSE: HE] stock went on a downward path that fall over -3.00% on Wednesday, amounting to a one-week price decrease of less than -14.10%.
Over the last 12 months, HE stock dropped by -10.74%. The one-year Hawaiian Electric Industries, Inc. stock forecast points to a potential upside of 22.4. The average equity rating for HE stock is currently 3.67, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.28 billion, with 110.15 million shares outstanding and 109.81 million shares in the current float. Compared to the average trading volume of 4.21M shares, HE stock reached a trading volume of 2660836 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $15.00 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 0.99, with the Price to Sales ratio for HE stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 5.14.
HE Stock Performance Analysis:
Hawaiian Electric Industries, Inc. [HE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.10. With this latest performance, HE shares dropped by -29.37% in over the last four-week period, additionally sinking by -11.21% over the last 6 months – not to mention a drop of -10.74% 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 37.39, with the RSI for the last a single of trading hit 27.77, and the three-weeks RSI is set at 42.75 for Hawaiian Electric Industries, Inc. [HE]. The present Moving Average for the last 50 days of trading for this stock 12.35, while it was recorded at 12.55 for the last single week of trading, and 12.22 for the last 200 days.
Insight into Hawaiian Electric Industries, Inc. Fundamentals:
Hawaiian Electric Industries, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.69 and a Current Ratio set at 3.69.
HE Stock EPS
With the latest financial reports released by the company, Hawaiian Electric Industries, Inc. posted 0.56/share EPS, while the average EPS was predicted by analysts to be reported at 0.54/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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] Institutonal Ownership Details
There are presently around $65.34%, or 65.56%% of HE stock, in the hands of institutional investors. The top three institutional holders of HE stocks are: VANGUARD GROUP INC with ownership of 11.47 million shares, which is approximately 10.4065%. BLACKROCK INC., holding 11.21 million shares of the stock with an approximate value of $$101.15 million in HE stocks shares; and BLACKROCK INC., currently with $$60.31 million in HE stock with ownership which is approximately 6.0729%.
