On Monday, Hawaiian Electric Industries, Inc. (NYSE: HE) opened lower -2.08% from the last session, before settling in for the closing price of $10.11. Price fluctuations for HE have ranged from $7.61 to $18.19 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 6.02% over the past five years. Company’s average yearly earnings per share was noted -16.91% at the time writing. With a float of $163.98 million, this company’s outstanding shares have now reached $164.36 million.
Let’s look at the performance matrix of the company that is accounted for 3706 employees. In terms of profitability, gross margin is -40.23%, operating margin of -40.23%, and the pretax margin is -43.25%.
Hawaiian Electric Industries, Inc. (HE) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of Hawaiian Electric Industries, Inc. is 0.23%, while institutional ownership is 43.82%.
Hawaiian Electric Industries, Inc. (HE) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.56 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.54) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -16.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.95% during the next five years compared to -0.42% drop over the previous five years of trading.
Hawaiian Electric Industries, Inc. (NYSE: HE) Trading Performance Indicators
Check out the current performance indicators for Hawaiian Electric Industries, Inc. (HE). In the past quarter, the stock posted a quick ratio of 3.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -10.55, a number that is poised to hit 0.84 in the next quarter and is forecasted to reach 1.30 in one year’s time.
Technical Analysis of Hawaiian Electric Industries, Inc. (HE)
Hawaiian Electric Industries, Inc. (NYSE: HE) saw its 5-day average volume 2.73 million, a negative change from its year-to-date volume of 3.42 million. As of the previous 9 days, the stock’s Stochastic %D was 61.19%. Additionally, its Average True Range was 0.50.
During the past 100 days, Hawaiian Electric Industries, Inc.’s (HE) raw stochastic average was set at 21.68%, which indicates a significant decrease from 60.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.47% in the past 14 days, which was lower than the 93.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.00, while its 200-day Moving Average is $11.63. Nevertheless, the first resistance level for the watch stands at $10.11 in the near term. At $10.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.49. If the price goes on to break the first support level at $9.73, it is likely to go to the next support level at $9.56. The third support level lies at $9.35 if the price breaches the second support level.
Hawaiian Electric Industries, Inc. (NYSE: HE) Key Stats
There are currently 110,303K shares outstanding in the company with a market cap of 1.63 billion. Presently, the company’s annual sales total 3,682 M according to its annual income of 201,130 K. Last quarter, the company’s sales amounted to 897,360 K and its income totaled -1,295 M.
