The time has not yet come to remove your chips from the table: Hawaiian Electric Industries, Inc. (HE)

With 2.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.32 million shares. The 52-week range on HE shows that it touched its highest point at $40.16 and its lowest point at $9.06 during that stretch. It currently has a 1-year price target of $8.50. With its current market cap of 1.24 billion, HE has annualized dividend of $0.72 while the current yield stands at 6.39%. Beta for the stock currently stands at 0.53.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HE was down-trending over the past week, with a drop of -1.91%, but this was down by -8.67% over a month. Three-month performance dropped to -19.61% while six-month performance fell -8.89%. The stock lost -70.21% in the past year, while it has lost -20.58% so far this year. A look at the trailing 12-month EPS for HE yields 1.81 with Next year EPS estimates of 2.17. For the next quarter, that number is 0.40. This implies an EPS growth rate of 0.98% for this year and 5.50% for next year. EPS is expected to grow by 4.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.42%.

Float and Shares Shorts:

At present, 110.15 million HE shares are outstanding with a float of 109.74 million shares on hand for trading. On Mar 15, 2024, short shares totaled 16.61 million, which was 15.08% higher than short shares on Feb 15, 2024. In addition to HO=F as the firm’s Heating Oil May 24, XAV=F serves as its E-mini Health Care Select Secto.

Institutional Ownership:

Through their ownership of 60.68% of HE’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.