Hawaiian Holdings Inc. (NASDAQ:HA) currently has a daily average trading volume of 1.32M but it saw 874585 shares traded on Wednesday. With a market cap of 419.54M USD, stock’s current market price of $7.97 came falling about -3.98 while comparing to the previous closing price of $8.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.25 and as low as $7.34. In the recent trading on the day, stock has struck highest price mark of $8.23 while lowest mark touched by it was $7.885.
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Taking a look at 20-day trading activity of Hawaiian Holdings Inc. (HA) gives us an average price of $7.98, while its current price level is -56.33% below from 52-week high level whereas it is 8.58% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.22 while that of 200 days or SMA-200 reads an average of $11.92. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.20% during that period while stretching the period over a month that increases to 5.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.27 which implies that the stock is in neutral territory.
Hawaiian Holdings Inc. (HA)’s stock is currently under the radar of 8 analysts who are in consensus at a 12-month price target range of between $8.00 and $12.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $8.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $12.00. Average price target assigned by them is $9.50 which highlights an upside potential of 16.11% for the stock over that period. And to attain the median price target of $9.50 assigned by those analysts, stock has to add about 16.11% of value to its current levels.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 6 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, HA’s stock price is moving -0.99% down while it is -2.21% when we observe its performance for the past one month. Year-to-date it is -22.32% down and over the past year, the stock is showing a downside performance of -51.43%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$2.17 beat the consensus estimate of -$2.36 for the same. The company is expected to be releasing its next quarterly report in 07/25/2023, for which analysts forecasted an EPS of -$0.62 while estimate for next year EPS is -$3.59. For HA, analysts are forecasting an EPS-growth rate of 12.00% for current year and estimate for EPS growth in next year is 103.30%. In next quarter, company is expected to be making quarterly sales of $768.84 million as analysts are expecting the sales for current fiscal year at $2.83 billion and seeing the company making $3.26 billion in sales next year. Moreover, analysts are in estimates of $697.64 million for current-quarter revenue.
Currently, Hawaiian Holdings Inc.’s total number of outstanding shares is 51.51M with 2.49% of that held by the insiders while 79.46% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.70%. It has a 78.91 of forward P/E ratio. Stock’s beta reads 1.93. Stock has a price to book (P/B) ratio of 1.76 while price to sale or P/S ratio amounts to 0.15.
A filing at the U.S. Securities and Exchange Commission revealed that US Global Jets ETF came shrinking its share ownership by -1.24% in the Hawaiian Holdings Inc. (HA) decreasing its stake to 14.15% with control over 91608.0 shares in the company. As per SEC documents, US Global Jets ETF shunned 7,291,693 of company’s common stock of worth $60.74 million as per recent closing price of the stock. US Global Jets ETF is not the only institutional holder which restructured its stake in Hawaiian Holdings Inc., as iShares Core S&P Small Cap ETF dumped 3,705,560 shares of worth $30.87 million to bring its holdings to a total of 5933.0 shares. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 4.97% in the company and now holds 1.55 million or 3.00% of the company’s stake having worth of about 12.9 million.
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