Hawaiian Holdings, Inc. (NASDAQ:HA) traded at $13.33 at last check on Friday, Oct 16, making an upward move of 4.22% on its previous day’s price.
Looking at the stock we see that its previous close was $12.79 and the beta (5Y monthly) reads 2.24 with the day’s price range being $12.66 – 13.35. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, HA has a high of $31.34 and a low of $7.55. The company’s stock has gained about -9.44% over that past 30 days.
Hawaiian has a market cap of $610.91 Million and is expected to release its quarterly earnings report on Oct 20, 2020- Oct 26, 2020. With its Forward Dividend at 0.48 and a yield of 3.6%, the company’s investors could be anxious for the HA stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$3.48, with the EPS growth for the year declined at -$10.6 for 2020 and -$1.09 for next year. These figures represent -3.3% and at -0.9% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the HA stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 10 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Hawaiian Holdings, Inc. (HA) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas 2 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the HA stock currently stands at 0, and the current price level is 1.38% off its SMA20 and -0.6% from its 50-day simple moving average. The RSI (14) is pointing at 51.11 while the volatility over the past week is 4.2% and jumps to 4.84% over the past one month. The beta value is 2.24, while the average true range (ATR) is currently pointing at 0.65. The average price target for the stock over the next 12 months is $13.75, with the estimates having a low of $7 and a high of $19. These price ends are -47.49% and +42.54% off the current price level respectively, although investors could be excited at the prospect of a +8.78% if the HA share price touches on the median price of $14.5.
Let’s briefly compare Hawaiian (HA) stock to its peers. We find that today’s price change of +4.22% and -54.19% over the past 12 months for HA competes that of Southwest Airlines Company (LUV), which has seen its stock price rise 2.27% in the latest trading session and is -26.33% over the last one year. Another of its peers Delta Air Lines Inc (DAL) has climbed 0.41% today, but is -41.03% down over the past year, while Ryanair Hlds Plc (RYAAY) is also up 4.22% yet its price remains in the red at -54.19% over the same period. Southwest has a P/E ratio of 116.36 compared to Hawaiian’s 0 and Delta’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.01% and 0.39%, respectively, in early deals.
Coming back to Hawaiian Holdings, Inc. (NASDAQ:HA), we note that the average 3-month trading volume was 953.25 Million, while that of the preceding 10-day period stands at 860.14 Million. Current shares outstanding are 46Million.
According to data from Thomson Reuters, insiders hold 1.97% of the company’s shares while institutions hold 95.13%. The data shows that short shares as of September 29, 2020, stood at 4.13 Million at a short ratio of 4.03. This represents a 8.99% Short interest in Shares outstanding on September 29, 2020. Shares short dropped in September from the previous month at 4.39 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -54.49% down in year-to-date price movement.