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Hawaiian Electric Industries Inc. (NYSE:HE) stock Reported Profit Margin of 6.40 percent in Last Year: Is Defensible?

BofA Securities raised the price target for the Hawaiian Electric Industries Inc. (NYSE:HE) stock from “a Neutral” to “an Underperform”. The rating was released on August 18, 2022, according to finviz. The research report from Evercore ISI has upgraded the stock from Underperform to In-line, with a price target set at $45. The stock was upgraded by BofA Securities, who disclosed in a research note on February 18, 2021, from Underperform to Neutral and set the price objective to $36. In their research brief published January 21, 2021, Guggenheim analysts downgraded the Hawaiian Electric Industries Inc. stock from Neutral to Sell with a price target of $30.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Hawaiian Electric Industries Inc. (NYSE:HE) dipped -0.84% to close Friday’s market session at $37.57, lower as compared to yesterday’s close. The stock price fluctuated between $37.28 and $37.91 throughout the trading session with the volume trading being 818577 shares, which represented a significant variation when compared to the three months average volume of 402.15K shares. The firm’s stock price fluctuated 0.64% within the last five trades and -9.64% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -1.31% in the last 6 months and -8.50% was subtracted to its value over the previous 3 months. HE stock is trading at a margin of -5.15%, -8.69% and -6.19% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, HE deals in the Utilities domain. The stock is trading -15.99 percent below its 52-week high and 13.23 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -11.18. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Hawaiian Electric Industries Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 10.20 percent and the profit margin is 6.40 percent, and the company has reported a gross margin of 10.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $4.31 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Hawaiian Electric Industries Inc. (NYSE:HE) is 17.10. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 15.48. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.15 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.87, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Hawaiian Electric Industries Inc. shares are owned by insiders, and 58.10 percent are held by financial institutions. RUSSELL KEITH P, the Director at Hawaiian Electric Industries Inc. (HE) has sold 10,000 shares of firm on Mar 08 at a price of $39.21 against the total amount of $0.39 million. In another inside trade, Hazelton Gregory C, EVP & CFO of Hawaiian Electric Industries Inc. (NYSE:HE) sold 22,000 shares of the firm on May 19 for a total worth of $0.93 million at a price of $42.25.



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