In the latest trading session, 0.66 million Hawaiian Holdings, Inc. (NASDAQ:HA) shares changed hands as the company’s beta touched 2.38. With the company’s most recent per share price at $16.21 changed hands at -$0.4 or -2.41% at last look, the market valuation stands at $843.08M. HA’s current price is a discount, trading about -2.59% off its 52-week high of $16.63. The share price had its 52-week low at $3.70, which suggests the last value was 77.17% up since then. When we look at Hawaiian Holdings, Inc.’s average trading volume, we note the 10-day average is 2.29 million shares, with the 3-month average coming to 1.10 million.
Analysts gave the Hawaiian Holdings, Inc. (HA) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended HA as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Hawaiian Holdings, Inc.’s EPS for the current quarter is expected to be -1.68.
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Hawaiian Holdings, Inc. (NASDAQ:HA) trade information
Instantly HA was in red as seen in intraday trades today. With action 15.37%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 14.15%, with the 5-day performance at 15.37% in the green. However, in the 30-day time frame, Hawaiian Holdings, Inc. (NASDAQ:HA) is 16.62% up. Looking at the short shares, we see there were 5.41 million shares sold at short interest cover period of 4.09 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16, meaning bulls need a downside of -1.31% from its recent market value. According to analyst projections, HA’s forecast low is 16 with 23 as the target high. To hit the forecast high, the stock’s price needs a -41.89% plunge from its current level, while the stock would need to tank 1.3% for it to hit the projected low.
Hawaiian Holdings, Inc. (HA) estimates and forecasts
Data shows that the Hawaiian Holdings, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.79% over the past 6 months, a -14.97% in annual growth rate that is considerably higher than the industry average of -15.60%. Year-over-year growth is forecast to reach 5.30% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 753.4M. 5 analysts are of the opinion that Hawaiian Holdings, Inc.’s revenue for the current quarter will be 730.28M. The company’s revenue for the corresponding quarters a year ago was 727.68M and 669.07M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.50%. The estimates for the next quarter sales put growth at 9.10%.
The 2024 estimates are for Hawaiian Holdings, Inc. earnings to decrease by -30.48%.
HA Dividends
Hawaiian Holdings, Inc. is expected to release its next quarterly earnings report on 2024-Oct-22.
Hawaiian Holdings, Inc. (NASDAQ:HA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.04% of Hawaiian Holdings, Inc. shares while 70.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.98%. There are 70.77% institutions holding the Hawaiian Holdings, Inc. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-03-31, the company held 7.5237% of the shares, roughly 3.9 million HA shares worth $51.99 million.
PAR CAPITAL MANAGEMENT INC holds the second largest percentage of outstanding shares, with 5.3841% or 2.79 million shares worth $37.2 million as of 2024-03-31.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 1.54 shares estimated at $24.41 million under it, the former controlled 2.95% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.40% of the shares, roughly 1.25 shares worth around $19.84 million.
