Hawaiian Electric Industries, Inc (NYSE:HE) shares, rose in value on Friday, November 01, with the stock price up by 1.27% to the previous day’s close as strong demand from buyers drove the stock to $10.40.
Actively observing the price movement in the recent trading, the stock is buoying the session at $10.27, falling within a range of $10.3 and $10.67. The value of beta (5-year monthly) is 0.548. Referring to stock’s 52-week performance, its high was $18.19, and the low was $7.61. On the whole, HE has fluctuated by 6.45% over the past month.
With the market capitalization of Hawaiian Electric Industries, Inc currently standing at about $1.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of HE currently trading nearly 4.27% and -1.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.14, while the 7-day volatility ratio is showing 3.18% which for the 30-day chart, stands at 3.62%. Furthermore, Hawaiian Electric Industries, Inc (HE)’s beta value is 0.54, and its average true range (ATR) is 0.42.
A comparison of Hawaiian Electric Industries, Inc (HE) with its peers suggests the former has fared considerably weaker in the market. HE showed an intraday change of 1.27% in today’s session so far, and over the past year, it shrunk by -20.67%%.
Data on historical trading for Hawaiian Electric Industries, Inc (NYSE:HE) indicates that the trading volumes over the past 10 days have averaged 2.79 and over the past 3 months, they’ve averaged 4.05 million. According to company’s latest data on outstanding shares, there are 164.36 million shares outstanding.
Nearly 0.23% of Hawaiian Electric Industries, Inc’s shares belong to company insiders and institutional investors own 49.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.67 million shares as on 2024-10-15, resulting in a short ratio of 1.21. According to the data, the short interest in Hawaiian Electric Industries, Inc (HE) stood at 446.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 11.32 million. The stock has fallen by -26.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HE stock heading into the next quarter.
