Should You Expect Hawaiian Holdings, Inc. (NASDAQ:HA) To Recover From Its 78.76% Gain From Highs?

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Hawaiian Holdings, Inc. (NASDAQ:HA)’s traded shares stood at 4.8 million during the latest session, with the company’s beta value hitting 2.40. At the last check today, the stock’s price was $17.42, to imply a decrease of -1.31% or -$0.23 in intraday trading. The HA share’s 52-week high remains $17.75, putting it -1.89% down since that peak but still an impressive 78.76% since price per share fell to its 52-week low of $3.70. The company has a valuation of $905.97M, with an average of 5.12 million shares in intraday trading volume over the past 10 days and average of 1.57 million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Hawaiian Holdings, Inc. (HA), translating to a mean rating of 2.60. Of 3 analyst(s) looking at the stock, 0 analyst(s) give HA a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -1.68.

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Hawaiian Holdings, Inc. (NASDAQ:HA) trade information

After registering a -1.31% downside in the latest session, Hawaiian Holdings, Inc. (HA) has traded red over the past five days. The 5-day price performance for the stock is 5.83%, and 51.21% over 30 days. With these gigs, the year-to-date price performance is 22.67%. Short interest in Hawaiian Holdings, Inc. (NASDAQ:HA) saw shorts transact 5.41 million shares and set a 4.09 days time to cover.

The extremes give us $16 and $23 for target low and target high price respectively. As such, HA has been trading -32.03% off suggested target high and 8.15% from its likely low.

Hawaiian Holdings, Inc. (HA) estimates and forecasts

Looking at statistics comparing Hawaiian Holdings, Inc. share performance against respective industry, we note that the company has underperformed competitors. Hawaiian Holdings, Inc. (HA) shares are 24.69% up over the last 6 months, with its year-to-date growth rate lower than industry average at -18.09% against -16.50%. Revenue is forecast to shrink -58.50% this quarter before jumping 10.50% for the next one. The rating firms project that company’s revenue will grow 5.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is 753.4M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 730.28M.Earnings reports from the last fiscal year show that sales brought in 727.68M and 669.07M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.50% before jumping 9.10% in the following quarter.

HA Dividends

Hawaiian Holdings, Inc. has its next earnings report out on 2024-Oct-22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Hawaiian Holdings, Inc. (NASDAQ:HA)’s Major holders

Hawaiian Holdings, Inc. insiders hold 3.04% of total outstanding shares, with institutional holders owning 70.82% of the shares at 73.04% float percentage. In total, 70.82% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 3.94 million shares (or 7.5931% of shares), all amounting to roughly $48.93 million.

The next major institution holding the largest number of shares is PAR CAPITAL MANAGEMENT INC with 2.97 million shares, or about 5.7383% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $36.97 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Hawaiian Holdings, Inc. (HA) shares. Going by data provided on Mar 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 1.54 shares. This is just over 2.95% of the total shares, with a market valuation of $26.53 million. Data from the same date shows that the other fund manager holds a little less at 1.25, or 2.40% of the shares, all valued at about 21.57 million.