Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Hawaiian Electric Industries, Inc’s current trading price is -50.19% away from its 52-week high, while its distance from the 52-week low is 19.13%. The stock’s price range during this period has varied between $7.61 and $18.19. The company, active in the Utilities sector, saw a trading volume of around 2.22 million for the day, considerably lower average daily volume of 3.05 million observed over the last three months.
Hawaiian Electric Industries, Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $18.19 on 07/19/24, and the lowest price during the same period was recorded at $7.61 on 07/09/24.
How Financial Performance Impacts Market Capitalization
Hawaiian Electric Industries, Inc (HE) has experienced a quarterly decline of -10.03% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.56B and boasts a workforce of 3706 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.04, with a change in price of -2.18. Similarly, Hawaiian Electric Industries, Inc recorded 3,657,745 in trading volume during the last 100 days, posting a change of -19.40%.
How HE’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for HE stands at 2.41. Similarly, the long-term debt-to-equity ratio is also 2.41.
HE Stock Stochastic Average
As of today, the raw stochastic average of Hawaiian Electric Industries, Inc over the past 50 days is 32.11%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 49.20%. Additionally, the Stochastic %K and %D values for the company were 42.98% and 42.74%, respectively, over the past 20 days.
HE Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -6.89%.However, over the last six months, we can see a stronger performance of -45.81%. Over the last 30 days, the price of HE has leaped by -8.85%. And in the last five days, it has fallen by -0.33%.
