Hawaiian Electric Industries, Inc [HE] stock is trading at $10.45, down -0.95%. 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 gain 2.65% over the last week, with a monthly amount drifted -1.79%, 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 December 03, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $11.50. Previously, Wells Fargo upgraded its rating to Equal Weight on August 23, 2024, and kept the price target unchanged to $14. On November 10, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $8.50 on the stock. Wells Fargo upgraded its rating to a Equal Weight and decreased its price target to $8 on August 18, 2023. BofA Securities downgraded its rating to a Underperform but $43 remained the price target by the analyst firm on August 18, 2022. Guggenheim upgraded its rating to Neutral for this stock on January 20, 2022, but kept the price target unchanged to $41. In a note dated May 11, 2021, Evercore ISI upgraded an In-line rating on this stock but restated the target price of $45.
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 $10.45 at the most recent close of the market. An investor can expect a potential return of 43.54% based on the average HE price forecast.
Analyzing the HE fundamentals
Hawaiian Electric Industries, Inc [NYSE:HE] reported sales of 3.69B for the trailing twelve months, which represents a growth of 4.05%. Gross Profit Margin for this corporation currently stands at -0.45% with Operating Profit Margin at -0.45%, Pretax Profit Margin comes in at -0.48%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.7 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.14.
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 10.30 points at the first support level, and at 10.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.62, and for the 2nd resistance point, it is at 10.78.
Ratios To Look Out For
For context, Hawaiian Electric Industries, Inc’s Current Ratio is 5.56. Also, the Quick Ratio is 5.56, while the Cash Ratio stands at 1.47. Considering the valuation of this stock, the price to sales ratio is 0.49, the price to book ratio is 1.14.
