While Hawaiian Electric Industries, Inc. has underperformed by -0.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HE fell by -17.06%, with highs and lows ranging from $18.19 to $7.61, whereas the simple moving average fell by -18.10% in the last 200 days.
On August 23, 2024, Wells Fargo Upgraded Hawaiian Electric Industries, Inc. (NYSE: HE) to Equal Weight. A report published by Wells Fargo on November 10, 2023, Downgraded its rating to ‘Underweight’ for HE. Wells Fargo also Upgraded HE shares as ‘Equal Weight’, setting a target price of $8 on the company’s shares in a report dated August 18, 2023. Guggenheim January 20, 2022d its ‘Sell’ rating to ‘Neutral’ for HE, as published in its report on January 20, 2022. Evercore ISI’s report from May 11, 2021 suggests a price prediction of $45 for HE shares, giving the stock a ‘In-line’ rating. BofA Securities also rated the stock as ‘Neutral’.
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Analysis of Hawaiian Electric Industries, Inc. (HE)
Further, the quarter-over-quarter increase in sales is 0.19%, showing a positive trend in the upcoming months.
One of the most important indicators of Hawaiian Electric Industries, Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -68.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.69, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and HE is recording 5.29M average volume. On a monthly basis, the volatility of the stock is set at 5.69%, whereas on a weekly basis, it is put at 5.04%, with a gain of 0.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.25, showing growth from the present price of $9.72, which can serve as yet another indication of whether HE is worth investing in or should be passed over.
How Do You Analyze Hawaiian Electric Industries, Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.34%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 43.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HE shares are owned by institutional investors to the tune of 43.51% at present.
