Hawaiian Electric Industries Inc. (NYSE:HE) went down by -0.89% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Utilities – Regulated Electric giant went up by $35.54 to trade ended Thursday trading at $35.86. This is down from the $35.86 price recorded on Wednesday’s trading session. Thanks to this latest performance, HE is closer to the higher price 52-week target of $38.00 and further from the lowest price target of $32.00. Its performance from the start of the year has also been negative, with HE down by -24.16% year-to-date.
Hawaiian Electric Industries Inc. (HE) started the day trading at $35.73 and recorded an intraday high of $35.79. It also recorded an intraday low of $34.98 during Thursday’s trading session. Hawaiian Electric Industries Inc. is a very active stock that recorded a trading volume that is less than -64.48% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 320512, which is less than -64.48 of the total average daily trading volume of 527.19K.
Hawaiian Electric Industries Inc. (NYSE:HE) 2020 Performance Impressive
The increase in HE’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of HE currently stands at $55.15, which is higher than the current trading price of the stock by 35.56%. However, HE’s current trading price is -6.06% lower than the 52-week low price of $33.51. In terms of trading volume, Hawaiian Electric Industries Inc. currently experienced healthy participation during the last trading session. 320512 shares of Hawaiian Electric Industries Inc. were traded on the stock exchange on Thursday, which is less than -64.48% of the 527.19K average trading volume of the stock.
The performance of the stock has been positive over the past year. HE’s performance over the past one year has seen it plunge by -20.06%, while the stock has gone down by -22.16% in the last six months. The quarterly performance of HE currently stands at -18.49%, and it is down by -11.35% in the last month. The only negative figure was from the weekly performance, which currently reads -1.66%. At the time of writing HE’s report, the company has a total market cap of $3.88B, making it one of the largest publicly-traded companies in the world.Hawaiian Electric Industries Inc. also has over 3841 employees all over the world.
HE Insider Activities
For Hawaiian Electric Industries Inc., insiders hold 56.50% of all company shares. The insider transactions over the past six months are down by -228.70%. During that period, insiders bought 1,917,134 shares in 26 transactions. In that same period, insiders sold 161,042 of their shares in 13 transactions. After these transactions, insiders at Hawaiian Electric Industries Inc. now hold 1.06M shares, which is over 56.25% of the total company stocks. Institutional investors currently hold a large chunk of the HE shares, as they control 0.97% of the company’s total stock.
HE Fundamental Analysis
For Hawaiian Electric Industries Inc., the stock’s diluted earnings per share (EPS) stands at 1.80. In the coming year, analysts expect the EPS to be 1.96. The EPS growth will up over the next five years to 3.30% after surging by 3.10% in the previous five years. In terms of revenue, Hawaiian Electric Industries Inc.’s quarterly sales (YOY) is growing at 0.39, which is lower than the average annual revenue of 3.10% over the past half a decade.
The Return on Investment (ROI) on Hawaiian Electric Industries Inc.’s stock currently stands at 6.30%, and it has a net profit margin of 7.10%. The operating margin of the company is 11.40%, and its gross margin is 11.80%.
HE Analysts Prediction
Another analyst that has a Underweight rating for HE is JP Morgan, which set a price target of between $37 and $38.
At the moment, Hawaiian Electric Industries Inc.’s Total Debt to Equity ratio stands at 1.02, and they have a long-term Debt to Equity ratio of 0.98.
HE Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of HE currently stands at -2.02%, while the SMA50 is -5.26%. The biggest one is the SMA200, which is currently reading -17.62% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 39.81, while its price to earnings ratio (P/E) is 19.80.