With 3.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.31 million shares. The 52-week range on HE shows that it touched its highest point at $18.19 and its lowest point at $7.61 during that stretch. It currently has a 1-year price target of $11.88. Beta for the stock currently stands at 0.52.
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 up-trending over the past week, with a rise of 3.59%, but this was up by 18.67% over a month. Three-month performance surged to 9.97% while six-month performance rose 0.09%. The stock lost -1.75% in the past year, while it has gained 15.62% so far this year. A look at the trailing 12-month EPS for HE yields -12.00 with Next year EPS estimates of 1.05. For the next quarter, that number is 0.23. This implies an EPS growth rate of 4.34% for this year and 2.44% for next year.
Float and Shares Shorts:
At present, 172.47 million HE shares are outstanding with a float of 172.14 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HE since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.8372 being high and $1.59589 being low. For HE, this leads to a yearly average estimate of $1.69363. Based on analyst estimates, the high estimate for the next quarter is $0.24 and the low estimate is $0.24. The average estimate for the next quarter is thus $0.24.
