Hawaiian Electric Industries, Inc. [HE] stock is trading at $9.77, up 5.62%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HE shares have lost -0.81% over the last week, with a monthly amount drifted -19.98%, 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 August 23, 2024, when Wells Fargo upgraded its rating to a Equal Weight but kept the price target unchanged to $14 for it. Previously, Wells Fargo downgraded its rating to Underweight on November 10, 2023, and elevated its price target to $8.50. On August 18, 2023, upgrade upgraded it’s rating to Equal Weight and revised its price target to $8 on the stock. BofA Securities downgraded its rating to a Underperform but stick to its price target of $43 on August 18, 2022. Guggenheim upgraded its rating to a Neutral but $41 remained the price target by the analyst firm on January 20, 2022. Evercore ISI upgraded its rating to In-line for this stock on May 11, 2021, but kept the price target unchanged to $45. In a note dated February 18, 2021, BofA Securities upgraded an Neutral rating on this stock and boosted its target price from $35 to $36.
Hawaiian Electric Industries, Inc. [HE] stock has fluctuated between $7.61 and $18.19 over the past year. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Hawaiian Electric Industries, Inc. [NYSE: HE] shares were valued at $9.77 at the most recent close of the market. An investor can expect a potential return of 53.53% based on the average HE price forecast.
Analyzing the HE fundamentals
Hawaiian Electric Industries, Inc. [NYSE:HE] reported sales of 3.66B for the trailing twelve months, which represents a growth of 0.19%. Gross Profit Margin for this corporation currently stands at -0.4% with Operating Profit Margin at -0.4%, Pretax Profit Margin comes in at -0.43%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.57 and Total Capital is -0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.48.
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 9.26 points at the first support level, and at 8.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.03, and for the 2nd resistance point, it is at 10.29.
Ratios To Look Out For
For context, Hawaiian Electric Industries, Inc.’s Current Ratio is 3.69. Also, the Quick Ratio is 3.69, while the Cash Ratio stands at 2.0. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 0.99.
