A share price of Hawaiian Electric Industries, Inc. [HE] is currently trading at $10.91, up 6.86%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HE shares have gain 2.15% over the last week, with a monthly amount drifted -4.30%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hawaiian Electric Industries, Inc. [NYSE: HE] stock has seen the most recent analyst activity on November 10, 2023, when Wells Fargo downgraded its rating to a Underweight and also boosted its price target to $8.50 from $8. Previously, Wells Fargo upgraded its rating to Equal Weight on August 18, 2023, and dropped its price target to $8. On August 18, 2022, downgrade downgraded it’s rating to Underperform but maintained its price target of $43 on the stock. Guggenheim upgraded its rating to a Neutral but stick to its price target of $41 on January 20, 2022. Evercore ISI upgraded its rating to a In-line but $45 remained the price target by the analyst firm on May 11, 2021. BofA Securities upgraded its rating to Neutral for this stock on February 18, 2021, and upped its price target to $36. In a note dated January 21, 2021, Guggenheim downgraded an Sell rating on this stock but restated the target price of $30.
Hawaiian Electric Industries, Inc. experienced fluctuations in its stock price throughout the past year between $8.74 and $40.16. Currently, Wall Street analysts expect the stock to reach $42 within the next 12 months. Hawaiian Electric Industries, Inc. [NYSE: HE] shares were valued at $10.91 at the most recent close of the market. An investor can expect a potential return of 284.97% based on the average HE price forecast.
Analyzing the HE fundamentals
Trailing Twelve Months sales for Hawaiian Electric Industries, Inc. [NYSE:HE] were 3.69B which represents -5.67% decline. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.41 points at the first support level, and at 9.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.19, and for the 2nd resistance point, it is at 11.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hawaiian Electric Industries, Inc. [NYSE:HE] is 3.55. As well, the Quick Ratio is 3.55, while the Cash Ratio is 2.33. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 0.51 and price to earnings (TTM) ratio is 6.02.
